Insight Closes Fund VI

Insight Venture Partners has closed its sixth fund with $1.25 billion in capital commitments. The New York-based firm focuses on both control and minority investments in the software and Internet services market, and closed its prior fund with $675 million in 2005. In related news, the firm has promoted five professionals to managing director. They are: Ben Levin and George McCulloch on the transaction team; Hilary Gosher and Nikitas Koutoupes on the “value-creation” team and Blair Flicker, the firm's chief compliance officer.