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Lightspeed taps private equity playbook as it eyes $1bn asset sale

Venture capital firm plans to roll holdings into continuation fund as sector seeks ways to return cash to investors.

One of Silicon Valley’s most prominent venture capital firms, Lightspeed Venture Partners, is seeking to use a private equity-style structure to sell $1bn worth of start-up stakes and free up cash to return to investors. Lightspeed, which has $25bn in assets under management and has made early investments in Snap, Rubrik and Nest, had approached investors about selling a portfolio of 10 holdings it values at roughly $1bn, according to people familiar with the matter.


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