FTX eyes sale of Sequoia Capital Fund interests for $45 million

By Sarah Lizee

Olympia, Wash., March 9 – FTX Trading Ltd. is seeking court approval of a private sale of its interests in Sequoia Capital Fund, LP, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Al Nawwar Investments RSC Ltd. has offered to purchase the interests for $45 million.

A hearing is scheduled for March 29.

FTX has headquarters in the Bahamas. The company filed Chapter 11 bankruptcy on Nov. 11 under case number 22-11068.

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