Deven Parekh

Insight Venture Partners

Deven Parekh Talks About Fund XIII from Insight Venture Partners

Insight Venture Partners is a technology private equity firm that invests with buyouts; growth equity and later stage venture asset classs. The willingness to invest in private companies and public company buyouts across stages makes Insight fairly unique in the technology venture and private equity landscape.
Deven Parkeh is a managing director of Insight Venture Partners.

Recently, Deven Parekh spoke about a new $2.57 billion venture called Fund XIII. The new fund, which will focus on software, e- commerce, Internet and data-services businesses, is about one-fourth larger than Insight’s last fund, which closed in 2011.

Deven Parekh reported that the funding closing comes on the heels of a very active period of investment for Insight, which has backed rounds for more than 25 companies in the past year, according to Thomson Reuters. Larger transactions include BMC Software, for which Insight is a member of a consortium taking the company private, and Air Watch, a mobile security provider that raised $200 million from Insight in February.

According to Deven Parekh, it took a little over four months to raise the new fund, and most of the limited partners existed investors.

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.