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VC Sequoia may raise $750 mln hedge fund -report

Tue Apr 15, 2008 9:42pm EDT

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SAN FRANCISCO, April 15 (Reuters) - Sequoia Capital, one of Silicon Valley's most successful venture capital firms, may be looking to raise $750 million for its first hedge fund, Web site pehub.com reported on Tuesday, citing a knowledgable source in the hedge fund industry.

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Sequoia, which has invested in some of the hottest technology companies, including Apple Inc (AAPL.O) and Yahoo Inc (YHOO.O), has been looking to hire investors with hedge fund backgrounds since late fall 2007, pehub.com reported.

Sequoia may already have raised some of the $750 million from its general partners and limited partners, according to the report.

Sequoia general partner Michael Moritz declined to comment.

The Web site pehub.com is owned by Thomson Financial, which is acquiring Reuters Group Plc RTR.L. (Reporting by Anupreeta Das; Editing by Braden Reddall)

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