HSG, the investment firm formerly known as Sequoia Capital China, has closed a $3 billion continuation vehicle anchored by a stake in ByteDance Ltd., according to people familiar with the matter. The move allowed some US investors to exit the highly-scrutinized asset.
ByteDance Stake Anchors $3 Billion Fund in Win for Investor HSG
HSG, the investment firm formerly known as Sequoia Capital China, has closed a $3 billion continuation vehicle anchored by a stake in ByteDance Ltd., according to people familiar with the matter. The move allowed some US investors to exit the…
This article was originally published by
Bloomberg Markets
and is republished here under license.
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