Sequoia Capital divides into three independent firms to navigate global tensions.
Sequoia Capital is splitting into three entities, with Sequoia India and Southeast Asia becoming Peak XV Partners, Sequoia China becoming HongShan, and the U.S. and European business remaining as Sequoia Capital. The decision comes amid macroeconomic and geopolitical challenges that have made fundraising difficult and eaten into venture funds' returns. Sequoia Capital will move to separate its partnerships with contemporaries in India and China and become singular entities no later than March 31, 2024.