Insight Partners Nears $10 Billion for 13th Fund, Makes Massive Exits with Recorded Future and Own - FT Report
Insight Partners, a leading investment firm, is on the brink of securing over $10 billion in capital commitments for its 13th fund, according to a report by the Financial Times (FT). The report highlights two recent acquisitions of Insight's portfolio companies, with Recorded Future being acquired by Mastercard for $2.65 billion and Own being acquired by Salesforce for $1.9 billion.
Recorded Future, a threat intelligence company, was acquired by Insight Partners in 2019 for $780 million before being sold to Mastercard. Own, a startup specializing in data backup tools for cloud-based applications, saw a significant exit with its acquisition by Salesforce, although it was valued at $3.5 billion by investors in 2021.
With its headquarters in New York, Insight Partners currently holds investments in companies like Wiz, a prominent cybersecurity firm. The FT suggests that Insight's new fund could reach $12 billion, a substantial amount but less than the $20 billion raised for its 12th fund in 2022.
In conclusion, Insight Partners' success in fundraising and its recent exits showcase its expertise in identifying high-growth companies and maximizing returns for its investors. This news not only demonstrates the firm's continued success but also highlights the potential for significant returns for those involved in the venture industry. For investors, this may serve as a reminder of the importance of diversifying their portfolios and seeking opportunities with experienced and successful investment firms like Insight Partners.