May 30, 2013

Like its seven predecessor funds, Insight Venture Partners Fund VIII will be invested in the technology sector.

On May 29 Willkie client Insight Venture Partners announced the closing of Insight Venture Partners VIII, a $2.57 billion private equity fund. Like its seven predecessor funds, Insight will invest Fund VIII in the technology sector, including global software, e-Commerce, internet and data-services businesses. Investments will be made in growth stage and more mature companies as minority or control transactions. The new fund, which is Insight’s largest, will further Insight’s existing strategy of assisting portfolio companies to achieve their long-term operational and financial goals. It will have the flexibility to invest in opportunities worldwide any amount up to approximately $300 million of equity per transaction. Since its founding in 1995, New York-based Insight has raised more than $7.6 billion and made more than 190 investments worldwide. Willkie has represented Insight in a host of transactions including most recently the $6.9 billion consortium acquisition of BMC Software.

The current deal was handled by partners Adrienne Atkinson, Gordon Caplan, Hillel Jacobson, James Brown and Ian Levin, and associates Tracy Thomas, Tina Chan, Brent Morowitz, Kevin Michel, Erin Kinney and Meredith Levy.