Insight Partners selling $1B in startup stakes, including Wiz, to free up funds for investors
15.09.24|Meir Orbach and Reuters
The private equity firm is on the verge of closing a new $10 billion-plus fund, roughly half the amount originally targeted, the Financial Times also reported. The VC has established a continuation fund that enables LPs to sell their stakes in portfolio companies to other investors, while allowing Insight to keep its ownership in the underlying company.