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Venture Capital Fund Drops UC

From Bloomberg News

Sequoia Capital, a Silicon Valley-based venture capital fund, won’t allow the University of California to invest in its funds after a court ordered the school to reveal the performance of its private investments.

Superior Court Judge James Richman in Alameda County on July 24 ordered UC to disclose the returns after a group that includes university employees sought the information in a lawsuit.

The university will ask Richman at a hearing today to reconsider his ruling.

Sequoia “kicked us out over concern about public disclosure,” UC spokesman Trey Davis said.

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Sequoia officials didn’t return calls seeking comment.


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