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Jeff Horing’s Insight Partners is a New York venture capital firm with Andreessen Horowitz and Sequoia in Silicon Valley. And it’s a status cemented with the Insight’s latest finish.
As expected, the insights partner announcement On Thursday it closed another huge flagship fund called Fund XIII along with its second opportunity fund, a combined $12.5 billion in new capital. An opportunity fund is typically money set aside to reinvest in existing portfolio companies when they raise new rounds.
Rumored to work in September Over $10 billion in funds. Intuition clearly achieved that goal, and then some. With this fund it now has $90 billion in assets under management.
An Insights spokesman declined to disclose how many billions are in each new fund, but there is also a portion of the money it calls a “dedicated buyout co-invest fund.” The spokeswoman said the money would be used to buy software investments, an established area for the 30-year-old firm.
That adds to the signal that Insight has no intention of giving up its top dog spot to raise New York powerhouse VC, Thrive. In 2024, Josh Kushner’s Thrive led and co-led several major deals OpenAI’s $6.6 billion round from $100 million Anisphere Series B, Creator of AI Coding Assistant Cursor.
Intuition is not ceding any ground. For example, VC firms Databricks’ co-lead wins Record-breaking $10 billion fundraising deal with Thrive in December. To do this it used funds from its Partners Public Equities fund, a fund set up to buy public stocks. This new capital will help it land more deals, perhaps leading the way.
Interestingly, in a year where a locked-in IPO market meant lagging returns for many VCs, Insight said it did well with its portfolio companies exiting more than $8 billion in 2024, largely through acquisitions. This includes Recorded Futures to MasterCard $2.65 billionown Sales force $1.9 billionWalkme 2 SAP for $1.5 billionand from Jama Software Private equity for $1.2 billion.
