Insight Venture Partners, the U.S. venture capital firm headquartered in New York City, announced this morning that it has raised $2.57 billion for a new private equity fund targeting global software, e-commerce, Internet and data services businesses.
It's the firm's eighth and largest fund to date. Since its founding in 1995, it has raised $7.6 billion and invested in a number of B2B-focused technology companies, most recently Airwatch and New Relic (infrastructure software); Kinnser and Mimecast (SaaS); Despegar and Fanatics (e-commerce); and Drillinginfo (SaaS data services).
IVP says it plans to deploy that capital in growth stage and more mature companies, as minority or control transactions, up to $300 million at a time, anywhere in the world. It's ultimately looking for promising software and technology companies that need to scale and mature.