Insight Partners Raises $12.5 Billion for New Flagship Fund
The firm reduced its initial fundraising target from $20 billion.
Deven Parekh, managing director of Insight Partners
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Insight Partners, a New York-based venture capital and private equity firm, has raised $12.5 billion for its 13th flagship fund — a large sum that was reduced from an even larger target.
The fundraising is particularly notable because of the difficult environment for VC firms. “It definitely was the hardest fundraise that I have been involved in at Insight,” said Managing Director Deven Parekh. Initially, the firm had targeted $20 billion for the fund.