Sequoia Capital to restructure funds, becoming more than a VC

Sequoia Capital, the world’s most prominent venture capital firm, will no longer be strictly a venture capital firm.

The firm will remake its investment structure in the US and Europe around a single fund, Sequoia partner Roelof Botha said in a statement Tuesday. The Sequoia Fund, as it’ll be known, will let the firm invest in a range of asset classes. The changes will not apply to funds in China or India, where capital rules are more stringent.