Sequoia Capital U.S. Growth Fund IX, L.P.
Sequoia Capital · adviser of record: Sequoia Capital Operations, LLC · 2020 vintage
Sequoia Capital U.S. Growth Fund IX, L.P. is a 2020 venture fund managed by Sequoia Capital, with $1.51bn raised (Form D, amount sold). It reported $2.5bn in gross assets at year-end 2025, 1.68x its size, its highest reported value.
- Latest value held
- $2.5bn year-end 2025
- Peak
- $2.5bn year-end 2025
- Fund size
- $1.51bn Form D, amount sold
- Held vs. size
- 1.68x peak 1.68x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $2.5bn | 1.68x | +36% |
| 2024 archived filing | $1.86bn | 1.24x | +16% |
| 2023 | $1.61bn | 1.07x | -1% |
| 2022 | $1.63bn | 1.08x | -21% |
| 2021 | $2.1bn | 1.37x | +11% |
| 2020 | $1.85bn | 1.23x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| University of California | 2025-06-30 | $39mm | 0.03x | 1.11x | 1.08x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Sequoia Capital
- Sequoia Capital US/E Seed V Principals Fund, L.P. 2023
- Sequoia Capital US/E Seed Partners Fund V, L.P. 2023
- Sequoia Capital US/E Growth X Principals Fund L.P. 2022
- Sequoia Capital US/E Growth Partners Fund X, L.P. 2022
- Sequoia Capital US/E Venture XVIII Principals Fund (Q), L.P. 2022
- Sequoia Capital US/E Venture Partners Fund XVIII, L.P. 2022
- Sequoia Capital US/E Expansion I Principals Fund, L.P. 2022
- Sequoia Capital U.S. Venture Fund XVII, L.P. 2020
- Sequoia Capital US/E Seed Fund IV, L.P. 2020
- Sequoia Capital U.S. Venture Partners Fund XVII, L.P. 2020
- Sequoia Capital U.S. Growth Partners Fund IX, L.P. 2020
- Sequoia Capital US/E Seed Partners Fund IV, L.P. 2020
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-1737910612. Data updated October 13, 2026.
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