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INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
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PRINT THIS PAGE $1.25bn fund close for Insight Venture Partners26/06/2007. Source: AltAssets. 
 Insight Venture Partners has held a closing of Insight Venture Partners VI, a $1.25bn private equity fund. Like its predecessor funds, Fund VI will be invested in businesses focused on the global software and internet services industry, with capital deployed in both minority and control transactions.
'We continue to apply a dual approach to investing,' commented Jeff Horing, Insight Venture Partners' co-founder and managing director. 'By combining financial sophistication and flexibility with our deep operational and value-add services, Insight plays a unique role in helping unlock value for growing technology companies. Our investors are supportive of this strategy and we appreciate their continued commitment to Insight.'
Insight's existing investors committed approximately 80 per cent of Insight Venture Partners VI which brings cumulative capital commitments to greater than $3bn since Insight's inception. Fund V, which closed in 2005 has invested in 21 companies to date.
Insight Venture Partners has also appointed Ben Levin and George McCulloch as managing directors on their transaction team responsible for minority and control investments. Hilary Gosher and Nikitas Koutoupes, responsible for Insight's value creation team further assume roles as managing directors, as does Blair Flicker, the company's chief compliance officer.
Copyright © 2007 AltAssets
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