Insight Partners Closes $20 Billion+ Fundraise

February 28, 2022

Willkie represented Insight Partners in the closing of its largest fundraise to date, which will be used to further its leading growth equity technology investment engine. Insight Partners now has more than $90 billion in regulatory assets under management.

On February 24, Willkie client Insight Partners, a leading global private equity and venture capital firm, announced the close of its twelfth flagship fund, Fund XII, together with a dedicated co-investment fund that will participate in certain investments alongside the flagship fund, with total capital commitments in excess of $20 billion, the firm’s largest to date. The funds will be used to invest in global high-growth technology, software and Internet businesses.

Since inception in 1995, Insight has seen its software-focused investment strategy drive increasing impact in the technology sector. The closing of the firm's recent fundraise, Fund XII, brings Insight Partners regulatory assets under management to over $90B. The firm has invested in more than 600 companies worldwide, and has participated in more than 55 IPOs.

Insight’s latest flagship fundraise follows the firm’s previous Fund XI, which closed in 2020 at approximately $9.5 billion. Willkie advised Insight on the closing of Fund XI as well.

The Willkie team on the current transaction was led by partners Morgan Elwyn and Arash Farhadieh, and included partners Kevin Kim, Colin Fulton and Russell Pinilis and counsel Daniel Mencaroni.

Insight’s fund closing was ranked #1 by Law360 in its list of largest private equity funds that closed in the first quarter of 2022, according to data from Preqin.

Read Law360: The 10 Largest PE Funds From The First Quarter Of 2022 (login may be required)