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Software Investor Insight Venture Partners Closes $6.3 Billion Fund XPublished : 6 years ago, on
Insight announces latest and largest fund
Insight Venture Partners (Insight), a leading global private equity and venture capital firm, announced today the close of its Fund X at $6.3 billion, the firm’s largest to date.
The oversubscribed fund will be used to further its leading growth equity technology investment engine. With the close of the new fund, Insight has a total of over $23 billion under management.
Since inception in 1995, Insight Venture Partners has seen its software-focused investment strategy drive increasing impact in the space. The firm has 150+ current portfolio companies, has overseen 225+ M&A transactions and has participated in more than 40 IPOs. In the first six months of 2018, three of the top 10 highest valued US venture-backed companies that went public were Insight portfolio companies.1 Notable recent IPOs across the globe include Pluralsight, Smartsheet, Delivery Hero, HelloFresh, Yext, and Alteryx.
“The closing of Fund X is a historic moment in Insight Venture Partners’ 20 plus year history, demonstrating continued confidence by our global investors in our ability to invest in industry-leading software companies,” said Jeff Horing, Co-Founder and Managing Director, Insight Venture Partners.
“Our growth equity expertise has extended to private equity success through multiple M&A platform companies that give us the flexibility to invest in a variety of scaling organic growth opportunities, as well as PE-style inorganic growth stories,” added Managing Director, Deven Parekh.
Insight Venture Partners’ Fund X follows the firm’s previous Fund IX and related growth buyout fund, which closed in 2015 at approximately $5 billion.
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