Goldman Sachs Asset Management said Tuesday it closed a $5.2 billion growth fund. Managed by Goldman’s growth equity business, the fund is led by Darren Cohen, Nishi Somaiya and Stephanie Hui. The fund will be used to make investments averaging $50 million, a release said. It will target enterprise software, fintech, healthcare and consumer startups and invest across the lifecycle of the...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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