VC Fundraising
Insight Partners collects $20B+ for largest fund in firm's history
February 24, 2022
Insight Partners, one of 2021's most active venture investors, has raised over $20 billion for its 12th flagship fund, the firm's largest vehicle since its inception 27 years ago. The latest effort is more than double the size of its predecessor, which closed in April 2020 at $9.5 billion.
Software-focused Insight has been willing to pay more for its investments and make deal decisions at a faster pace than other VC funds. The New York-based firm's investment style has often been compared to that of crossover investors like Tiger Global.
Insight has more than 35 managing directors and invests from the seed stage all the way to LBO, writing checks of $5 million to $500 million or more. In 2021, Insight closed 241 venture capital and 69 private equity deals, up from 73 VC deals and 35 PE deals in 2020, according to PitchBook data. While the firm likely lowered late-stage deal valuations along with the rest of the market this year, it does not appear to have slowed its dealmaking pace. Insight has participated in 44 VC transactions so far in 2022. If the firm continues investing at this velocity for the rest of the year, its annual deal count will surpass its 2021 record.
The firm has a long list of public and private investors, including CalPERS and Alaska Permanent Fund, some of the largest limited partners in the US.
Another LP, Colorado PERA, posted portfolio returns as of Dec. 31, 2020 showing that Insight's last three flagship funds performed near or above the returns of top quartile VC funds, according to PitchBook's recent Benchmarks Report.
Featured image by AerialPerspective Images/Getty Images
Software-focused Insight has been willing to pay more for its investments and make deal decisions at a faster pace than other VC funds. The New York-based firm's investment style has often been compared to that of crossover investors like Tiger Global.
Insight has more than 35 managing directors and invests from the seed stage all the way to LBO, writing checks of $5 million to $500 million or more. In 2021, Insight closed 241 venture capital and 69 private equity deals, up from 73 VC deals and 35 PE deals in 2020, according to PitchBook data. While the firm likely lowered late-stage deal valuations along with the rest of the market this year, it does not appear to have slowed its dealmaking pace. Insight has participated in 44 VC transactions so far in 2022. If the firm continues investing at this velocity for the rest of the year, its annual deal count will surpass its 2021 record.
The firm has a long list of public and private investors, including CalPERS and Alaska Permanent Fund, some of the largest limited partners in the US.
Another LP, Colorado PERA, posted portfolio returns as of Dec. 31, 2020 showing that Insight's last three flagship funds performed near or above the returns of top quartile VC funds, according to PitchBook's recent Benchmarks Report.
Featured image by AerialPerspective Images/Getty Images
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