Tech hedge fund Augnition Global Investors completes $1 billion fundraising

Odaily reports: Augnition Global Investors, a tech hedge fund founded by Jeff Wang, former global equities head at Sequoia Capital, has announced the completion of over $1 billion in fundraising. According to disclosed regulatory filings, the fund had at least $570 million at launch, of which approximately 45% was internal capital. Jeff Wang led Sequoia's global equities business for a decade, and during his tenure at Sequoia, he participated in investments in late-stage private companies including ByteDance, SpaceX, Stripe, and Airbnb. Augnition Global will primarily invest in both public and private technology companies. (Bloomberg)