Al Nawwar Investments to acquire a minority stake in Sequoia Capital Fund from FTX Trading for $45m.

Al Nawwar Investments agreed to acquire a minority stake in Sequoia Capital, a fund focused exclusively on seed-stage opportunities, from FTX Trading for $45m. The deal, subject to approval by Delaware bankruptcy court Judge John Dorsey, is part of the bankrupt company's attempts to sell its investments in early stage crypto and tech ventures in a bid to repay creditors.