Insight Venture Partners Closes Private Equity Fund at $2.57BN

NYC-based Insight Venture Partners closed its latest private equity fund at $2.57bn.

Backers included existing investors who contributed a majority of the capital.

Insight Venture Partners VIII will focus on backing growth stage and more mature global software, e-Commerce, internet and data-services businesses globally.

The firm will invest any amount up to approximately $300m of equity per each (minority or control) transaction.

Founded in 1995 and led by Jeff Horing, co-founder and managing director, and Managing Director Deven Parekh, Insight has invested in Tumblr, which is to be acquired by Yahoo! (read here), Airwatch, New Relic, Indiegogo, Udemy, ExactTarget (NYSE: ET), Shutterstock (NYSE: SSTK), Trivago, Flipboard, Kony Solutions, and Twitter.



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