Insight Partners closed its 13th flagship fund with a dedicated buyout co-investment fund and also closed its structured equity fund, Insight Partners Opportunities Fund II, said a Jan. 16 news release.
These funds represent $12.5 billion in capital to deploy in software companies across the globe to support growth at any stage, the news release said.
The closing of these new funds increased Insight Partners' regulatory assets under management to more than $90 billion.
Insight's flagship funds, including Insight Partners XIII, typically invest between $5 million and $500 million in a company, with the ability to invest from the earliest institutional check to its initial public offering, the release said.
Insight Partners Opportunities Fund II provides companies and their investors with alternative financing solutions, typically in the form of structured preferred equity investments, “enabling them to continue their growth trajectory while bolstering their balance sheet,” the release added.
Investors in Insight Partners XIII include the $519.6 billion California Public Employees' Retirement System, Sacramento; and the $43.8 billion Alaska Retirement Management Board, Juneau.
Investors in Insight Partners Opportunities Fund II include the $274.6 billion New York State Common Retirement Fund, Albany; $74 billion Illinois Teachers' Retirement System, Springfield; $59.5 billion Connecticut Retirement Plans & Trust Funds, Hartford.
Insight could not be reached for further details.
