Sequoia Capital has set aside $200M in investments in FTX-related companies as losses

11/10 03:29

Sequoia Capital tweeted: "In recent days, a liquidity crunch has created solvency risk for FTX. The full nature and extent of this risk is not known at this time. Based on our current understanding, we are marking our investment down to $0. Sequoia Capital's exposure to FTX is limited. We own FTX.com and FTX US in one private fund, Global Growth Fund III. FTX is not a top ten position in the fund, and our $150M cost basis accounts for less than 3% of the committed capital of the fund. The $150M loss is offset by ~$7.5B in realized and unrealized gains in the same fund, so the fund remains in good shape."

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