The filing was uncovered in a story by Fortune, which points to a memo from the University of Michigan Regents, a longtime investor with Sequoia, to describe the strategy of the new fund. According to that document, the fund will continue the firm's focus on investment in early and growth stage technology companies in the U.S. and expand its investment efforts in those same sorts of early stage companies in China.
Sequoia has been an investor in some of Silicon Valley's most successful companies - Apple, Cisco, Google, YouTube. Most recently, the firm invested $27.5 million into Square, the mobile payment startup founded by Twitter creator Jack Dorsey.
Sequoia has not formally announced the new fund, which could ultimately be larger than the $1.3 billion in yesterday's filing. Regardless, it seems like it's a good time to be an tech entrepreneur in Silicon Valley or China.