Exclusive | Insight Partners Closes $1.5 Billion Deal to Cash Out Investors

Insight Partners has tapped the private-equity secondary market to generate cash for its fund investors at a time when high interest rates and valuation uncertainty still hamper the sale and listing of technology businesses. 

The $80 billion investment firm, an early backer of technology companies that include social-media platform formerly known as Twitter and Chinese e-commerce giant Alibaba Group, raised a $1.5 billion vehicle to acquire stakes in multiple software companies held by older funds under its own management, the firm said.