Citadel Securities Secures $1.15 Billion Investment from Sequoia and Paradigm

Citadel Securities, a leading global market maker, announced recently that Sequoia and Paradigm have made a $1.15 billion minority investment in the firm. Sequoia led the round, with the investment coming from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund. Sequoia Partner Alfred Lin will join the Citadel Securities Board of Directors.

Citadel Securities provides both institutional and retail investors with the liquidity they need to execute transactions across a broad array of equity and fixed income products. The firm has been at the forefront of the modernization of markets and market structures, which has delivered enormous benefits to investors globally. Its institutional business serves more than 1,600 clients, including many of the world's largest sovereign wealth funds and central banks.

"The talent of our extraordinary market making team combined with our powerful risk management techniques have transformed the client experience in the many markets we serve," said Citadel Securities Chairman Ken Griffin. "In Sequoia and Paradigm, we have partners that appreciate how the strength of our market expertise, advanced predictive analytics and superlative software engineering can redefine an industry. We look forward to their partnership and to welcoming Alfred to our Board as Citadel Securities accelerates its growth."

"Many companies that have transformed the world have achieved their highest ambitions with Sequoia as their partner," said Citadel Securities CEO Peng Zhao. "As technological innovation in financial markets becomes only more important, we see enormous opportunities to meet the needs of our clients across more markets and more products. Our partnership with Sequoia and Paradigm puts us in an even stronger position as we continue to scale our business, broaden into new markets and attract the world's most brilliant minds."