Insight Partners Nearing Close of $10 Billion-Plus Fund
Exciting news in the world of private equity as Insight Partners is on the verge of finalizing a new $10 billion-plus fund. Originally targeting double that amount, the fund is expected to be officially closed in early 2023, with a final figure potentially reaching $12 billion. This development comes as Insight adopts a private equity-style approach, selling off over $1 billion in stakes in start-ups to generate cash for investor returns.
Among these start-ups is Israeli cybersecurity firm Wiz, known for its recent decision to cancel a major deal with Google parent Alphabet in July. This move showcases Insight’s strategic investment decisions and commitment to supporting innovative companies. Based in New York, Insight is well-known for its focus on software and technology investments, having raised an impressive $20 billion for its 12th flagship fund in 2022.
Stay tuned for more updates on Insight Partners’ latest fund and the impact it will have on the private equity landscape. Exciting times ahead for investors and the tech industry as a whole!
