Insight Venture Partners has held a final close of its Fund X at a hefty $6.3 billion. The Software investor fund was oversubscribed and will be used to advance their growth equity technology investment engine. This brings the software investor’s total under management to $23 billion.
“Our growth equity expertise has extended to private equity success through multiple M&A platform companies that give us the flexibility to invest in a variety of scaling organic growth opportunities, as well as PE-style inorganic growth stories,” said Managing Director, Deven Parekh.
Fund IX, a similar growth buyout fund, closed at $5 billion in 2015.