Insight Partners Closes Fund XI

Insight Partners has held a final hard cap closing of Insight Partners XI LP at $9.5 billion. The firm’s earlier fund closed with $6.3 billion of capital commitments in 2018.

Insight Partners makes expansion and late-stage investments in software, e-commerce, internet and data-services businesses. The new fund is expected to invest between $10 million and $350 million of equity in a company, although larger transactions are also possible.

“First and foremost, we want to acknowledge the current climate and the hardships being felt across the globe,” said Jeff Horing, the founder and managing director of Insight. “We are thankful and humbled by the support of our investors which enables us to continue to deliver world-class resources during turbulent economic times. Fund XI gives us continued flexibility to provide a combination of capital and operating support that suits the different needs of every software company in a dynamic world.”

Insight has invested over $19 billion in more than 400 companies since its founding in 1995. Recent transactions for Insight include majority investments in Armis, Veeam, commercetools and Recorded Future, and minority investments in companies like SentinelOne, 6Sense, OneTrust, WalkMe and monday.com.

“Since our first investment 25 years ago, the global software ecosystem has matured even as it continues to innovate, spurring Insight’s own innovation in sourcing, and our data-driven partnership approach to working with scaleup companies as a minority or buyout investor,” said Deven Parekh, a managing director at Insight. “We are grateful that through economic cycles and unprecedented circumstances, Insight Partners remains a sought-after institutional platform for supporting next-generation software companies.”

Insight Partners is headquartered in New York City.

© 2020 Private Equity Professional | April 7, 2020

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