Insight Partners The firm is reportedly targeting more than $10 billion in capital commitments for its 13th fund. According to the FT:.
As reported by the FT, two of Incyte’s portfolio companies were acquired last week, including threat intelligence company Recorded Future, which was sold to Mastercard. $2.65 billionis wholly owned by Insight Partners, which acquired the company in 2019 for $780 million.
The other, Own, a startup that specializes in tools for backing up data in cloud-based applications, was sold to Salesforce.com Inc. for $1.9 billion in 2021, nearly half of the $3.5 billion valuation investors gave it.
New York-based Insight, whose current portfolio includes buzzy cybersecurity firm Wizz, could ultimately close the new fund for around $12 billion, the Financial Times reported. That’s a big amount, but far less than the $20 billion Insight announced for its 12th fund in 2022, a year of robust fundraising across the venture industry.
https://techcrunch.com/2024/09/15/insight-partners-is-closing-in-on-a-whopping-10b-new-fund/
