Insight Venture Partners raises largest fund to date


dollar 12_sqInsight Venture Partners has successfully closed its eighth fund on $2.57bn – making it the largest vehicle raised by the tech-focused investor – thanks to strong support from its existing investors.

The Insight Venture Partners Fund VIII is significantly larger than its predecessor, which was closed with  institutional commitments of $1.5bn in 2011.

The fund has also exceeded the initially reported target of $1.75bn and the $2.4bn goal stated in regulatory filings.

Most of the commitments for the fund came from existing investors.

The New York-headquartered firm has raised a total $7.6bn across its eight funds.

Insight will invest up to $300m in minority and controlling stakes in growth stage and more mature companies in the software, e-commerce, internet and data services sectors.

Insight Venture Partners managing director Jeff Horing said, “We appreciate the commitment of our investors who continue to support our strategy of focusing on software and technology companies that are scaling and maturing.

“By combining financial flexibility with our deep industry knowledge and growth-stage operations expertise, Insight plays a unique role in helping unlock value for management teams, employees, customers and investors.”

Earlier this year Insight participated in a massive $200m Series A investment round for mobile device security specialist AirWatch.

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