Insight Equity has closed on new commitments to its second buyout fund and first mezzanine fund. Its buyout fund is up to $361 million from 21 investors, still a ways from its $500 million target. The firm has also managed to thus far rounded up $111 million for its first mezzanine fund, which is targeting $250 million. UBS is the placement agent for both funds. Insight Equity invests in middle market asset-intensive companies facing complex or challenging situations.