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Laxman Pai, Opalesque Asia:

Insight Partners, a New York-based venture capital and private equity firm has raised $12.5 billion for its 13th flagship fund.

The amount reflects a downward adjustment from its initial target of US$20 billion due to a difficult environment for venture capital fundraising. This fund is one of the largest focused on technology investments.

According to a media release from the global software investor, Insight's honed investment strategies and dedication to the software sector saw strong support from both long-standing and notable new investors, with Insight's employees representing the largest aggregate commitment to the funds.

The closing of the new funds - the thirteenth flagship fund with a dedicated buyout co-invest fund (together Fund XIII) and structured equity fund, Opportunities Fund II -, brings Insight Partners' regulatory assets under management to more than $90 billion and marks a notable milestone in the firm's 30-year history of scaling transformative software companies worldwide.

As per the release, Insight's flagship funds, including Fund XIII, typically invest between $5 million and $500 million+ in a company, with the ability to invest from the earliest institutional check to IPO.

The Opportunities Fund provides companies and their investors with alternative financing solutions, typically structured preferred equity investments, enabling them to continue their growth trajectory while bols......................

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