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Tech Focused Insight Partners Seeks To Raise $12B For Next Fund: WSJ

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  • New York-based private investment firm Insight Partners plans to raise at least $12 billion for its next flagship fund, the Wall Street Journal reports.
  • The fundraising is slated to begin next month to tap the growing market for software collaboration tools and cloud, which was further fueled by the pandemic.
  • Previously, Insight Partners raised $9.5 billion within less than a year for Insight Partners XI.
  • It is also planning to raise $875 million for its first fund focused on preferred equity investments.
  • The firm provides equity financing between $10 million and $350 million for technology companies, especially software companies including software-enabled services and internet companies with subscription-based business models with robust recurring revenue generation potential.
  • Most recently, Insight Partners acquired Corelogic Inc (NYSE: CLGX) for $6 billion.
 

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Posted-In: Insight Partners Wall Street JournalNews Tech Media

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