Investing
Venture Firm Insight Partners Misses $2 Billion Goal for Fund, Raises $1.3 Billion
- The tech venture giant reportedly sought more than $2 billion
- New vehicle led by HarbourVest Partners and Lexington Partners
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Insight Partners, the venture giant with stakes in hundreds of technology companies worldwide, raised $1.3 billion in commitments for a continuation fund, missing a target of more than $2 billion.
The pool of cash will help extend the life of investments in the software sector across six of the firm’s funds, New York-based Insight said Thursday in an emailed statement, helping it to avoid having to sell stakes prematurely as the funds near maturity.