Global software investor Insight Partners closes Continuation Fund III at $1.5 billion

Global software investor Insight Partners, announced the closing of Continuation Fund III, with HarbourVest Partners leading a group of limited partners (LPs) investing in the fund. The fund closed with total commitments of approximately $1.5 billion.

Reflecting Insight's nearly 30-year commitment to partnership and flexibility, Insight's Continuation Fund III was established to acquire stakes in notable software companies across multiple Insight funds, further enabling their growth while providing liquidity options for Insight's existing LPs. Insight's Continuation Funds are leveraged alongside a range of liquidity tactics and offer a flexible solution, allowing LPs the choice to take liquidity and lock in returns or continue their exposure to those assets.

Ian Sandler, COO, Insight Partners: "Continuation Fund III allows Insight to continue to deepen our partnership with a group of high-performing software companies, while offering flexibility to our valued LPs. In an overall private equity environment of limited liquidity, we're proud to be able to provide this option and returns. We're thrilled to work alongside HarbourVest once again, whose continued commitment reflects a shared belief in the value and potential of this portfolio, making them ideal collaborators for this transaction."

Developed by Insight's dedicated Liquidity Committee and executed in partnership with HarbourVest, Continuation Fund III has been designed, from asset selection and pricing to fund terms and ongoing management, to prioritize returns and optionality for Insight's LPs.

Abuzar Anaswala, Principal, HarbourVest Partners: "HarbourVest is excited to again be a lead partner with Insight Partners and further our 20+ year relationship, providing a scaled and bespoke secondary solution. This deal is one of our largest GP-led transactions in our firm's history and aligns with our strategy of investing with the top performing managers on market-leading assets."

Evercore acted as financial adviser and Willkie Farr & Gallagher LLP served as legal counsel to Insight Partners.

www.insightpartners.com

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