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Laxman Pai, Opalesque Asia: One of the world's largest technology investors, Insight Partners, announced the closing of its Continuation Fund II with HarbourVest Partners and Lexington Partners leading a group of limited partners investing in the fund.
The transaction closed with total commitments of approximately $1.3 billion, said a press release from the New York-based global software investor.
Continuation Fund II was established to acquire stakes in software companies across 6 Insight funds to support their continued growth while providing liquidity to Insight's Limited Partners (LPs), it said.
"In line with Insight's commitment to being a best-in-class partner to all its LPs, Insight structured Continuation Fund II to include a true "status quo" option, empowering LPs to choose whether they would participate in the transaction and take the liquidity or remain fully invested in the assets," the release noted.
According to the venture firm, its 28-year focus on finding, investing in, and scaling software companies with the support of its 140+ person operations team, Onsite, and breadth of funds that provides capital to meet individual growth needs, results in deep partnerships with companies at every stage of their ScaleUp journey - from startup to at scale.
"Leveraging one of the software industry's largest data sets, Insight Partners' pattern recognition and rigorous diligence process is the backbone of its in...................... To view our full article Click here
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