Four funds managed by Sequoia Capital China have secured a commitment of up to $150 million from the Massachusetts Pension Reserves Investment Trust (Mass PRIM), according to a report by Deal Street Asia.
Sequoia Capital China Seed II will get $8.2 million, while $18.8 million will be allocated to Sequoia Capital China Venture IX, $61.5 million to Sequoia Capital China Growth VII, and up to $61.5 million to Sequoia Capital China Expansion I.
The allocations are part of Mass PRIM’s overall $462 million commitment to private equity managers.
Sequoia Capital China makes venture capital and growth equity investments in seed, early-stage, late-stage, and growth equity stage companies in China.
