DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / Insight Partners Xi, L.P.
Insight Partners Xi, L.P.
Amounts, each with its basis
- Vintage
- 2017basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- indefinitewhat may be sold, not what was raised; file 021-290895, sworn by the adviser or filed under this vehicle
- Form D sold
- $3.6Bas of the filing of Jul 17, 2017, 66 investors
- First sale
- Jul 14, 2017
- Reported GAV
- $6.5Bon the Form ADV filed Oct 11, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 156
- Reported on ADV
- Mar 31, 2020 to Oct 11, 2024
Fundraising evidence
Unknown
latest Form D 2017-07-17, older than 15 months (fr-1)
evidence dated Jul 17, 2017. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Harvest
vintage over 7 years, still reported
age years: 9first sale: 2017-07-14vintage year: $2,017adv gav as of: 2024-10-11vintage basis: form_d_first_saleform d sold usd: $3.6Bform d offering usd: n/aform d latest filed at: 2017-07-17
The fund's own reporting through time
9 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2020 | Private Equity Fund | $2.2B | 86 | $10.0M | 6% | yes | |
| Mar 31, 2021 | Private Equity Fund | $4.7B | 153 | $10.0M | 10% | yes | |
| May 7, 2021 | Private Equity Fund | $4.7B | 153 | $10.0M | 10% | yes | |
| Mar 25, 2022 | Private Equity Fund | $7.7B | 152 | $10.0M | 10% | yes | |
| Mar 31, 2023 | Private Equity Fund | $6.2B | 152 | $10.0M | 10% | yes | |
| Jun 30, 2023 | Private Equity Fund | $6.2B | 152 | $10.0M | 10% | yes | |
| Jul 10, 2023 | Private Equity Fund | $6.2B | 152 | $10.0M | 10% | yes | |
| Mar 28, 2024 | Private Equity Fund | $6.5B | 156 | $10.0M | 10% | yes | |
| Oct 11, 2024 | Private Equity Fund | $6.5B | 156 | $10.0M | 10% | yes |
Principals and agents
5 principals on Form D, 10 placement agents
- Mark Lessing Executive Officer
- Eric Goldstein Executive Officer
- Jeffrey Horing Executive Officer/Director
- Deven Parekh Executive Officer
- Blair Flicker Executive Officer/Director
- Mohammed Afkham-ebrahimi placement agent
- Goldman Sachs & Co. LLC placement agent
- Simon Dunn placement agent
- Luke Chun placement agent
- Mark Mason placement agent
- Gergana Ruff placement agent
- Goldman Sachs International placement agent
- Warren Spar placement agent
- David Choi placement agent
- Dana M. Samuels placement agent
Limited partners and their reported performance
6 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California Public Employees' Retirement System calpers.ca.gov | 2020 | $400M | $389M | $37.5M | $659M | 12.6% | 1.8x | Dec 31, 2025 |
| Washington State Investment Board sib.wa.gov | 2020 | $200M | $195M | $34.1M | $307M | 12.3% | 1.8x | Dec 31, 2025 |
| Pennsylvania Public School Employees' Retirement System pa.gov | 2019 | $150M | $146M | $25.6M | $230M | 12.3% | 1.8x | Dec 31, 2025 |
| Colorado Public Employees' Retirement Association content.copera.org | 2020 | $65.0M | $63.2M | $11.1M | n/a | 12.3% | unknown | Dec 31, 2025 |
| Alaska Permanent Fund Corporation apfc.org | 2020 | $50.0M | n/a | n/a | n/a | not meaningful yet | unknown | Dec 31, 2025 |
| New York State Common Retirement Fund osc.ny.gov | 2019 | $250M | $243M | $11.9M | $395M | not meaningful yet | 1.7x | Mar 31, 2025 |
Each row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
8 events
- Dec 31, 2025Colorado PERA reports Insight Partners XI: $65,000,000 committed, vintage 2020LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025APFC reports Insight Partners XI LP: $50,000,000 committed, vintage 2020LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025PSERS reports Insight Partners XI, L.P.: $150,000,000 committed, vintage 2019, net IRR 12.3%, 1.75xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports Insight Partners XI, L.P.: $200,000,000 committed, vintage 2020, net IRR 12.2%, 1.8xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025CalPERS reports Insight Partners XI, L.P.: $400,000,000 committed, vintage 2020, net IRR 12.6%, 1.8xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2025NYSCRF reports Insight Partners XI, LP: $250,000,000 committed, vintage 2019LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2020Insight Partners Xi, L.P. first reported on Form ADV by Insight Venture Partners (Private Equity Fund), GAV $2,238,160,535Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 17, 2017Insight Venture Partners X, L.P. filed Form D: $3,610,208,250 sold (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: CAYMAN ISLANDS Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $3.6B Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2017-07-14 Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 66 Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: equity,pooled Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: UGLAND HOUSE, GRAND CAYMAN, E9, KY1-1104 Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2017 Jul 17, 2017 Fact SEC EDGAR Form D data sets (quarterly)