Insight Partners selling USD1 Billion in startup stakes
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Insight Partners is reportedly selling USD 1 billion worth of stakes in startups, including Wiz, to provide liquidity for its investors.
As the firm approaches the close of a new fund estimated at over USD 10 billion, which is about half of its original target, it has created a continuation fund.
This structure allows limited partners (LPs) to sell their stakes in portfolio companies to other investors, while enabling Insight to retain its ownership in those companies. The move aims to balance investor demands while preserving Insight’s long-term interests in its portfolio.
Read more in Calcalist.
