VC Firm Insight Partners Raises $20B For Latest Fund
Insight Partners, a New York-based venture capital cum private equity firm, has raised a big new fund, one of the largest on record in the industry. It’s raised “in excess” of $20bn for its twelfth flagship fund to invest in tech companies. The latest fundraise brings the firm’s total assets under management to over $90bn.
- Insight Partners is a prominent investor in technology companies globally. It makes standard equity investments in the range of $5mn-$500mn in single companies or buyouts in partnership with other firms.
- For example, Insight invested $500mn last year into Saks.com, the e-commerce arm of luxury department store chain Saks Fifth Avenue. Also, last year, it teamed up with investment firm Stone Point Capital to acquire CoreLogic, a real estate tech company, for $6bn.
$20bn represents Insight Partners’ largest fundraise in its history. It’s a testament to the bout of record fundraising that venture capital and private equity firms have enjoyed lately. Notably, Insight said its employees were the largest investor group to contribute to the new fund. The firm has around 350 employees, including three-dozen managing directors who scout for deals.
$20bn is also more than double the $9.5bn Insight raised for its preceding (eleventh) flagship fund in 2020. That it could raise a record amount in 2020 and double that record barely two years later speaks of a robust market for institutional investors lately.
- Insight isn’t the only VC firm to raise record sums this year. Andreessen Horowitz raised $9bn across three funds; Ribbit Capital raised $1.2bn; Khosla Ventures raised $550mn, just in January.
- According to CB Insights, VC firms raised a record $621bn in 2021, compared to $294bn in 2020. It seems 2022 will be another bonkers year for VC funding.
Since its inception in 1995, Insight Partners has invested in more than 600 companies. Nearly 60 of its portfolio companies have exited via IPOs and many more through acquisitions.
Insight is headquartered in America, but also has offices in the UK and Israel, wherein it has invested in many local startups.
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