Insight Venture Partners, venture capital

Insight Venture Partners runs fund restructuring that could total $1 bln

Another big venture player is using the secondary market to sort out older funds. Insight Venture Partners, a venture and growth investor based in New York, is running a secondary process that will enable LPs in older funds to cash out of their stakes or stick with the manager in a continuation vehicle. It’s not […]

Andrew Sheiner, Altas Partners

Altas, former Onex exec’s shop, raises $2 bln-plus for next long-life PE fund

Altas Partners, a pioneer of long-life investing, has raised close to its US$2.5 billion target and could hold a final close this quarter, a person with knowledge of the firm told Buyouts. Whether Fund II has a cap is unclear. A spokesperson for Toronto-based Altas declined comment. Andrew Sheiner, a former senior Onex Corp executive, formed Altas in 2012. The firm invested deal by deal before raising its first fund, which closed on US$1 billion in 2016. Altas was an early adopter of the long-life philosophy in PE. Other firms that followed include funds raised by Blackstone Group, Carlyle Group and KKR.