Insight Venture Partners Closes Two Funds Combined with $4.75B
August 12, 2015
Insight Venture Partners has closed two funds with a total of $4.75 billion in commitments. The VC and PE firm closed Insight Venture Partner IX on $3.29 billion and its Growth-Buyout Coinvestment Fund on $1.46 billion. The funds will be deployed for growth equity in software and internet companies globally, as well as co-investments in control transactions. The firm's previous largest fund was IVP VIII, which closed in 2013 on $2.6 billion and was generating an IRR of 6.48% as of December 31. IVP has made 34 investments in 2015, including 11 buyouts. Willkie Farr & Gallagher represented the firm during the latest round of fundraising.