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announced this morning the final close of a massive $9.5 billion growth equity fund, dubbed Fund XI, its largest to date.

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The New York-based firm said it will use the money to continue to invest in 鈥渉igh potential software companies鈥� in the form of venture capital and private equity ScaleUP investments. Specific verticals of interest include fintech, government, healthcare, legal, HR, and sales, among others, according to Managing Director Deven Parekh.

Investors included existing backers, as well as new ones. The firm declined to name them.

Insight says it will invest as little as $10 million and as much as $350 million of equity in a company, 鈥渁lthough larger transactions are also possible.鈥� In particular, the fund will target 鈥渆nterprise-ready businesses that have advanced from the startup phase and are positioned for rapid growth鈥� and milestones such as global expansion, mergers and acquisitions, and initial public offerings.

Jeff Horing, Insight Partners鈥� founder and managing director, acknowledged in a statement the effects of the current climate 鈥渁nd the hardships being felt across the globe鈥� due to the COVID-19 pandemic.

鈥淲e are thankful and humbled by the support of our investors which enables us to continue to deliver world class resources during turbulent economic times,鈥� he added.

In a , Horing and Parekh noted the 鈥渦nprecedented times.鈥�

They wrote: 鈥淚t is a complicated time to be announcing the close of our largest growth equity technology fund, , a milestone that we are immensely proud of. Our sense of pride sits alongside gratitude for having closed the fund amidst the brutal fallout from COVID-19.鈥�

Insight has invested over $19 billion in since its 1995 inception. It recently made majority investments in Armis, Veeam, commercetools and Recorded Future, and minority investments in SentinelOne, 6Sense, OneTrust, WalkMe and . Insight has seen a known 99 聽in companies such as Twitter, Shopify and Qualtrics, according to 小蓝视频色情网页版 data.

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