Private 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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