Insight Venture Partners said Monday that it has closed $510 million for its third coinvestment fund. The pool will focus on global software, internet and data services firms.
NEW YORK, May 19, 2014 /PRNewswire/ — Today, Insight Venture Partners announced the closing of Insight Venture Partners Coinvestment Fund III, a $510 million private equity fund, established to invest alongside Insight Venture Partners VIII, which closed at $2.57 billion in May 2013. Like its predecessor funds, this fund will invest in global software, internet, and data-services businesses.
“We see tremendous market opportunity to invest in high growth technology companies and this new fund will enable us to invest in our core expansion-stage market, as well as larger growing companies,” said Jeff Horing, co-founder and managing director at Insight Venture Partners. “We appreciate that our investors have further committed to our investment strategy through the new co-investment fund.
Commitments from existing investors contributed a majority of the capital to the new co-investment fund. The total capital committed to Insight since inception in 1995 is now more than $8 billion.
As with prior funds, Insight will continue to seek transaction opportunities worldwide with an emphasis on helping growth stage companies achieve long-term profitable growth. Fund VIII is able to write equity checks of $15 million and higher; in conjunction with Coinvestment Fund III, Insight will have the flexibility to invest more than $500 million of equity per transaction.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $8 billion and invested in more than 200 companies worldwide. Our mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit www.insightpartners.com or follow us on twitter:@insightpartners.com.
Take your pick!
- Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
- VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.