The private equity arm of Lightspeed is reportedly eyeing a $1bn asset sale. The firm is said to be considering divesting certain assets to generate returns for its investors. Lightspeed has been investing in high-growth technology companies and has significant stakes in firms such as Snap and SpaceX, which have recently gone public. The firm is also considering selling its stake in software firm AppDynamics, which was recently acquired by Cisco Systems for $3.7bn. Lightspeed’s focus on divestments comes as it seeks to free up capital to invest in new companies.
Key takeaways:
- Lightspeed is reportedly considering a $1bn asset sale to generate returns for investors.
- The firm is looking to divest certain assets that it believes have reached their highest potential value.
- Lightspeed has invested in a number of high-growth technology companies, and is known for its significant stakes in Snap and SpaceX.
- The asset sale is expected to result in increased capital to invest in new companies.
- One of the assets that Lightspeed is considering selling is its stake in software firm AppDynamics.
