Firm: Insight Venture Partners
Fund: Insight Venture Partners Fund VII
Target: $1.5 billion
Fund: Insight Ventures Coinvestment Fund II
Target: $450 million
Buyout firms and venture capitalists have struck some major funding commitments with LPs lately, coinciding with a meteoric rise in secondary markets at which many VCs’s assets are listed. Further, venture capital firms have been buying into secondary markets at a growing rate, making new investments in assets they initially missed an opportunity to buy into, or doubling down on deals with the expectation that secondary markets will give investments a continued lift as sponsors build toward an IPO and an exit.
“Fund VII demonstrates our ongoing commitment to help companies achieve their strategic and operational goals while building value for customers and investors,” said Jeff Horing, Insight Venture Partners’s co-founder and managing director. “Our investors support our dual approach of providing portfolio companies with financial flexibility and dedicated business expertise. We appreciate their ongoing guidance and their continued commitment to Insight through these investments in Fund VII.”
Investors have been supportive of top-tier sponsors this year. The European private equity firm
On the VC side, Bessemer Venture Partners announced this month it is closing its eighth fund with $1.6 billion, and Accel Partners also revealed it completed two separate fundraisings for about $1.3 billion.