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FUNDRAISING NEWS | October 15, 2024
Tags: Private Equity
Technology investor Insight Partners has raised approximately $1.5B, led by HarbourVest Partners and a group of other limited partners (LPs), for a secondaries fund that will acquire stakes in companies across other Insights funds and thereby provide liquidity options for LPs in those funds.
According to an October 15 press release, Continuation Fund III was designed by Insight’s liquidity committee to acquire stakes in existing software portfolio companies from Insight funds, “to prioritize returns and optionality” for LPs of existing Insight funds. “In an overall private equity environment of limited liquidity, we're proud to be able to provide this option and returns," Insight COO Ian Sandler said.
Evercore acted as financial advisor to Insight, while Willkie Farr & Gallagher LLP served as legal counsel.
View the press release here.
Written By: Dakota
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