Insight executes three deals in a week

Insight Venture Partners, a New York private equity and growth capital investor, has sallied forth with a series of new deals this week, according to statements from its new portfolio companies.

The firm has invested $84 million in Tel Aviv-based cybersecurity software company Checkmarx, which plans to use the equity infusion to further fund its product development and geographic expansion initiatives. Separately, Insight has sunk $70 million into Colorado-based Conga, a developer of document generating and report applications for users of its Salesforce software.

Additional details about the size of stakes Insight purchased in the business were not released.

Insight did not respond to requests for comment at press time.

For Insight, the new investments follow its acquisition of London and New York hospitality software provider Fourth from London's ECI Partners in a deal announced earlier this week. Financial details of the transaction were not disclosed.

Insight is backed by commitments from such limited partners as the Florida State Board of Administration, the Teachers' Retirement System of Louisiana and the Massachusetts Pension Reserves Investment Management Board (Mass PRIM).

Other limited partners in the firm's ninth fund, which is said to have amassed close to $2.9 billion, include the Alaska Retirement Management Board and Alaska Permanent Fund, which have committed $8 million and $35 million to Insight Venture Partners IX fund, respectively, Private Equity International reported previously.

In May, Insight led a $92 million investment in Massachusetts-based Virgin Pulse, a unit of Richard Branson's Virgin Group.

Insight fortified its technology investment ranks with the hire of former White House US deputy technology officer Nick Sinai as a partner in December 2014.