Insight Venture Partners has closed Insight Venture Partners VIII, a USD2.57bn private equity fund.
Like its predecessor funds, Insight Venture Partners will invest Fund VIII in global software, e-Commerce, internet and data services businesses.
The firm will deploy capital in growth stage and more mature companies, as minority or control transactions. The new fund will continue to execute on Insight’s strategy of helping portfolio companies achieve their long-term operational and financial goals.
"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," says Jeff Horing, co-founder and managing director at Insight Venture Partners. "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."
Commitments from existing investors contributed a majority of the capital in the new fund. The total capital committed to Insight since inception in 1995 is now over USD7.6bn. Insight will continue to seek transaction opportunities worldwide; Fund VIII has the flexibility to invest any amount up to approximately USD300m of equity per transaction.
