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Software Investor Insight Venture Partners Closes $6.3 Billion Fund X
Software Investor Insight Venture Partners Closes $6.3 Billion Fund X
Published by Gbaf News
Posted on July 20, 2018
Global Banking and Finance Review
Company
Published by Gbaf News
Posted on July 20, 2018
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.
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.