TPG's (TPG) GP Solutions invested in a single-asset continuation fund for insurance technology company Earnix under a deal with Jerusalem Venture Partners that is valued at $290 million, Bloomberg reported Monday.

Under the terms of the investment, an early-stage JVP fund will be converted into the vehicle for a 54% stake in Earnix, the report said, adding that the investment was approved in the US in early September.

JVP will remain the fund's general partner, while GP Solutions, Insight Partners and other investors will become limited partners, Bloomberg reported.

TPG did not immediately respond to MT Newswires' request for comment.

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