Insight Equity gathers nearly $400m for third fund

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dollars roll_sqPrivate equity firm Insight Equity has secured nearly $400m for its third fund, according to a document filed with US securities regulators.

Insight Equity III has secured commitments of $399m from 21 LPs, the filing showed.

The fund, which does not have a minimum investment requirement, registered its first commitment in December last year.

IE III has already made one deal, having backed machining, fabrication and assembly services provider Midstate Berkshire.

The Texas-based firm makes control investment in mid-market businesses.

Since its launch in 2000 Insight has bought and managed businesses with aggregate revenues of over $4bn.

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