|
Laxman Pai, Opalesque Asia: The New York-based, 27-year-old, global software investment firm Insight Partners has closed its twelfth flagship fund with $20 billion in capital commitments.
The fund marks the Insight Partners' largest fundraise to date which received strong support from both long-standing and notable new investors. The sum is the firm's largest fundraise to date and is more than twice the size of its previous flagship fund, which closed at $9.5 billion in April 2020.
The private equity and venture capital firm said in a press release that closing of this new fundraise brings its regulatory assets under management to over $90 billion.
Fund XII is also one of the largest global fundraises to date dedicated to investing in high-growth technology, software, and internet startup and scale-up companies. Insight's flagship funds typically invest between $5 million and $500 million in a company, with the ability to invest from the earliest institutional check to IPO.
"With investments in companies from all corners of the globe, Insight has always maintained a belief that great software companies can originate from anywhere, and, with the right strategic partner, expand rapidly into new markets," it said.
Jeff Horing, Insight Partners' Co-Founder and Managing Director said: "Fund XII marks a significant milestone for the firm, but more importantly, ensures we have the capital to help the world's best software companies scale up and take o...................... To view our full article Click here
|
RSS
