Yotav Costica is leaving More Investment House’s mutual funds to join a family office set up to manage the proceeds from the four founders’ sale of Wiz to Google.

Wiz, an Israeli cloud security firm, was sold to Google for US$32 billion.

The four founders will receive about US$12 billion combined before taxes, or roughly US$3 billion each, and will route the proceeds into a joint family office that will accept no outside clients.