Sequoia Capital ends ban on U.S. public pensions

Sequoia Capital's Doug Leone.
Sequoia Capital's Doug Leone. Photo by Steve Jennings/Getty Images.

Sequoia Capital has accepted up to a $350 million commitment to its new global growth fund from the Washington State Investment Board, as first noticed by peHUB.

Why it matters: Sequoia is among the world's most successful VC firms, and this officially reverses its decade-plus policy of not allowing U.S. public pensions into its funds.