Insight Partners said on Thursday it has raised $20bn for its twelfth flagship fund as the New York-based private equity and venture capital firm looks to ramp up investments in technology and software companies.
The sum is the firm’s largest fundraise to date and is more than twice the size of its previous flagship fund, which closed at $9.5 billion in April 2020.
Insight Partners, which now has more than $90 billion in regulatory assets under management, has also closed a co-invest fund that will participate in certain investments alongside the flagship fund.
High growth, technology companies drove much of that activity as demand for their services soared and valuations boomed. Insight Partners also invested more than $2 billion in European startups last year.
Read more: Reuters
