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Sequoia pumps US$51.5 million into Noah’s asset management arm

Private equity firm Sequoia Capital China is set to pump RMB348 million into the asset management business of Chinese wealth manager, Noah Holdings. The deal, subject to terms and conditions as set out in an agreement between Noah, subsidiary Gopher Asset Management, and “other affiliated entities of Noah” will see Sequoia acquire equity interests in Gopher. Sequoia was an early backer of Noah,…

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