Insight Venture Partners Closes Growth Equity Funds Totaling $4.75 Billion
New York-based venture capital and private equity firm Insight Venture Partners announced the closing of Insight Venture Partners IX, L.P., a $3.29 billion fund, and Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P., a $1.46 billion co-investment vehicle that will co-invest in control transactions with Fund IX. The new capital will be deployed for growth equity in software and internet companies globally; it maintains Insight's mission to find, fund and work with visionary companies and to provide management teams with growth expertise that helps deliver long-term success.
"The closing of Fund IX and its coinvestment vehicle demonstrates the tremendous commitment of our global investors who continue to support our strategy of investing in innovative growth-stage technology companies," said Jeff Horing, co-founder and managing director at Insight Venture Partners. "These funds allow us to deliver growth assistance to management teams by combining our financial flexibility and twenty years of industry knowledge with the growth-stage operational expertise of our Insight Onsite team."
"The software industry is dramatically impacting every segment of the economy in all geographies and we are excited to build a portfolio of the best global companies in this dynamic industry – those market-leading companies that are driving significant value for their customers," said Deven Parekh, managing director at Insight Venture Partners. "The new funds will support our strategy of expanding the Insight Onsite team to further augment the expertise we are able to provide to the portfolio."
Commitments from existing investors contributed a majority of the capital in the new funds. The total capital committed to Insight since inception in 1995 is now over $13 billion. Insight will continue to seek investment opportunities worldwide and invest in both minority and majority transactions. The firm has invested in more than 250 companies that have headquarters on five continents and operations in more than 65 countries.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $13 billion and invested in more than 250 companies worldwide. Our mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit https://www.insightpartners.com or follow us on twitter: @insightpartners.com.