Term Sheet — Friday, April 27

MEGA-MONEY

Happy Friday, Term Sheet readers.

MONSTER FUND: More details have emerged on Sequoia Capital's new mega-fund. So far, investors have committed approximately $6 billion to the firm's third global fund, according to the WSJ. Most of the capital thus far has been raised from new investors, and Sequoia is expected to turn to existing investors next. The WSJ reports that the firm could expect as much as $2 billion for the new fund.

From the WSJ:

With Sequoia Global Growth Fund III,...

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