DFX Intelligence
Insight Partners Xi, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Private Equity Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals, 17 additional placement agents, 6 additional LP reports and investments, 3 events
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 6 LP reportspublic disclosures
6 public LP reports name this vehicle;
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Drawing the relationship network…
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
What counts as raisingA 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.Unknown
latest Form D 2017-07-17, older than 15 months (fr-1)
evidence dated Jul 17, 2017.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 9first sale: Jul 14, 2017vintage year: 2017adv gav as of: Oct 11, 2024vintage basis: Form d first saleform d sold: $3.6Bform d offering: n/aform d latest filed at: Jul 17, 2017
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
- Mohammed Afkham-ebrahimi placement agent
- Goldman Sachs & Co. LLC placement agent
Show all 6principals, then placement agents
- Mark Lessing Executive Officer
- Eric Goldstein Executive Officer
- Jeffrey Horing Executive Officer/Director
- Mohammed Afkham-ebrahimi placement agent
- Goldman Sachs & Co. LLC placement agent
- Simon Dunn placement agent
Service providers
13 named on Form ADV Schedule D and Form D
- AuditorEY · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianRAYMOND JAMES & ASSOCIATES, INC. · ST. PETERSBURG, Florida, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach 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).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 |
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.6 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | $400M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | $250M committed | reported as of Mar 31, 2025 | Fact Pension disclosure |
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | $200M committed | committed Mar 25, 2020 | Fact Pension disclosure |
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 Pension disclosure
- Dec 31, 2025APFC reports Insight Partners XI LP: $50,000,000 committed, vintage 2020LP commitment disclosed Fact Pension disclosure
- Dec 31, 2025PSERS reports Insight Partners XI, L.P.: $150,000,000 committed, vintage 2019, net IRR 12.3%, 1.75xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025WSIB reports Insight Partners XI, L.P.: $200,000,000 committed, vintage 2020, net IRR 12.2%, 1.8xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025CalPERS reports Insight Partners XI, L.P.: $400,000,000 committed, vintage 2020, net IRR 12.6%, 1.8xLP commitment disclosed Fact Pension disclosure
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jul 17, 2017 Fact Form D
- Form D fund type: Private Equity Fund Jul 17, 2017 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 17, 2017 Fact Form D
- Amendment: false Jul 17, 2017 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 17, 2017 Fact Form D
- Incorporated: withinFiveYears Jul 17, 2017 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Jul 17, 2017 Fact Form D
- Amount sold (Form D): $3.6B Jul 17, 2017 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jul 17, 2017 Fact Form D
- First sale: 2017-07-14 Jul 17, 2017 Fact Form D
- Indefinite offering: true Jul 17, 2017 Fact Form D
- Investors (Form D): 66 Jul 17, 2017 Fact Form D
- Minimum investment (Form D): 0 Jul 17, 2017 Fact Form D
- Securities offered: Equity, pooled Jul 17, 2017 Fact Form D
- Office address: Jul 17, 2017 Fact Form D
- Year of incorporation: 2017 Jul 17, 2017 Fact Form D
Relationships across DFX
on 3 other DFX graphs · 30 capital paths
Across the graphs
Insight Partners Xi, L.P. is the same institution as 5 records in Private Equity, Allocators and RIA and Wealth.
Private Equity2Allocators2RIA and Wealth1
DFX found 5 relationships across 3 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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Capital chain
Insight Partners Xi, L.P. sits on 30 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 30 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
8 dated events on the change ledger, latest event first
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
+5 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.