Insight Partners racks up $1.3bn for sophomore continuation fund

The fund's limited partners include HarbourVest Partners and Lexington Partners.

  • Continuation Fund II was established to acquire stakes in software companies across six Insight funds to support their continued growth while providing liquidity to Insight’s LPs
  • Lazard acted as financial adviser to Insight Partners while Willkie Farr and Gallagher served as legal counsel
  • Ropes & Gray served as legal counsel to HarbourVest and Lexington

Insight Partners has closed its second continuation fund at $1.3 billion.

The fund’s limited partners include HarbourVest Partners and Lexington Partners.

Continuation Fund II was established to acquire stakes in software companies across 6 Insight funds to support their continued growth while providing liquidity to Insight’s LPs.

“Insight’s Continuation Fund II is a vehicle we are proud to launch, allowing us to extend our relationship with portfolio companies from earlier funds, while enabling us to provide the option of more near-term liquidity to our LPs,” said Ian Sandler, managing director and COO at Insight Partners, in a statement. “We are grateful for the shared conviction in the value of this portfolio with HarbourVest and Lexington and the continued commitment by a large portion of existing LPs in these specific assets. We look forward to working together to see these companies reach their fullest potential.”

Lazard acted as financial adviser to Insight Partners while Willkie Farr and Gallagher served as legal counsel. Ropes & Gray served as legal counsel to HarbourVest and Lexington.

Based in New York City, Insight Partners has over $75 billion in regulatory assets under management, as of December 31, 2022.