Dragoneer Investment Group raised about $1 billion for a continuation fund after initially planning to launch a $2 billion vehicle backed by private equity holdings including OpenAI and SpaceX, Bloomberg reported. Sources said the firm also considered adding stakes in Databricks and Creative Planning to support the transaction and provide liquidity to investors in a weak exit market. The fund’s main objective was to extend holding periods for assets including Amwins Group and health technology company PointClickCare. The transaction was priced at discounts of about 5% to 20%, with some assets sold at no discount, compared with an average 30% to 35% discount for venture capital and growth-stage secondary deals in the first half of the year.