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Jeff Horing ’s Insight Partners is to New York speculation capital what Andreessen Horowitz and Sequoia are to Silicon Valley . And it ’s a status that has been cemented with Insight ’s in style closure . As wait , Insight PartnersannouncedThursday that it shut another gargantuan flagship investment firm , known as Fund XIII , along with its 2nd Opportunity fund , collectively $ 12.5 billion in new Das Kapital . An opportunity investment firm is generally money do aside to reinvest in be portfolio company when they raise new rounds .
In September , it was rumored to be workingon a $ 10 billion - plus fund . brainstorm clear achieved that fair game , and then some . With this stock it now has $ 90 billion of asset under management .
An Insight spokesperson declined to divulge how many billions are in each Modern fund but part of the money is also in what it calls a “ dedicated buyout co - invest store . ” The spokesperson tell this money will be used for buyout software investment funds , an established area for the 30 - year - old firm .
This ascent signals that Insight has no intention of cede the top dog spot to upstart New York powerhouse VC , Thrive . In 2024 , Josh Kushner ’s Thrive moderate and co - led many of the biggest deals fromOpenAI ’s $ 6.6 billion roundto the$100 million Series B of Anysphere , the Almighty of AI coding assistant Cursor .
Insight is n’t cede any ground . For example , the VC firmwon the carbon monoxide gas - steer of Databricks’record - breaking $ 10 billion fundraising deal in December , alongside Thrive . It tapped into funds from its Partners Public Equities monetary fund to do so , a fund lay out up to buy public ancestry . This sassy capital will help it act on , perhaps even result , more deals .
Interestingly , in a year where the locked initial offering marketplace means imprison replication for many VCs , Insight said it did well with its portfolio companies logging over $ 8 billion on exits in 2024 , largely through acquisitions . These let in read Future to Mastercard for$2.65 billion , Own toSalesforce for $ 1.9 billion , WalkMe toSAP for $ 1.5 billion , and Jama Software toprivate equity for $ 1.2 billion .
