Insight Partners, a New York-based private equity and venture capital firm, announced on Thursday that it has secured $20 billion for its twelfth flagship fund, as the firm strives to increase investments in technology and software companies.
The amount is more than twice the size of the firm’s previous flagship fund, which closed at $9.5 billion in April 2020, and is the firm largest fundraiser to date.
Insight Partners has also closed a co-invest fund that will participate in select investments alongside the flagship fund, which now has over $90 billion in regulatory assets under management.
According to data from Pitchbook, dealmaking and exit activity in the United States reached new highs in 2021, with dealmaking and exit activity reaching new highs in at least two decades.
As demand for their services soared and values climbed, high-growth technology businesses fueled much of that activity. Last year, Insight Partners invested more than $2 billion in European firms.
Fears of imminent interest rate hikes in the United States, to temper out-of-control inflation as well as geopolitical concerns, have weighed on technology equities this year.
Insight Partners, on the other hand, sees no reason to be concerned.
“As a basic concept, the software has shown to be extraordinarily durable. We don’t have any concerns, and we intend to continue to support high-growth software firms “Teddie Wardi, the company’s managing director, stated.
Insight Partners, which was founded in 1995, has a portfolio of over 600 firms, including Canadian e-commerce behemoth Shopify Inc, German food-delivery company Delivery Hero SE, and social media behemoth Twitter Inc. According to the business, more than 55 of those companies have gone public through initial public offerings.
