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 Xii, L.P.
Insight Partners Xii, L.P.
Amounts, each with its basis
- Vintage
- 2022basis: adv first reported
- 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 021-397572, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Apr 28, 2021
- First sale
- unknown
- Reported GAV
- $5.9Bon the Form ADV filed Oct 11, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 275
- Reported on ADV
- Mar 25, 2022 to Oct 11, 2024
Fundraising evidence
Unknown
latest Form D 2021-04-28, older than 15 months (fr-1)
evidence dated Apr 28, 2021. 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: $2,022adv gav as of: 2024-10-11vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: n/aform d latest filed at: 2021-04-28
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 25, 2022 | Private Equity Fund | $6.7B | 274 | $10.0M | 13% | yes | |
| Mar 31, 2023 | Private Equity Fund | $5.7B | 274 | $10.0M | 13% | yes | |
| Jun 30, 2023 | Private Equity Fund | $5.7B | 274 | $10.0M | 13% | yes | |
| Jul 10, 2023 | Private Equity Fund | $5.7B | 274 | $10.0M | 13% | yes | |
| Mar 28, 2024 | Private Equity Fund | $5.9B | 275 | $10.0M | 13% | yes | |
| Oct 11, 2024 | Private Equity Fund | $5.9B | 275 | $10.0M | 13% | yes |
Principals and agents
5 principals on Form D, 7 placement agents
- Mark Lessing Executive Officer
- Blair Flicker Executive Officer
- Deven Parekh Executive Officer
- Andrew Prodromos Executive Officer/Director
- Jeffrey Horing Executive Officer/Director
- Magenta Capital Services Ltd. placement agent
- Evercore Group, L.L.C. placement agent
- David Choi placement agent
- Fund Placement Israel Ltd. placement agent
- Warren Spar placement agent
- Mitsubishi UFJ Alternative Investments Co., Ltd placement agent
- HMC Itajuba placement agent
Limited partners and their reported performance
7 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 | 2021 | $600M | $575M | $663,047 | $641M | 3.4% | 1.1x | Dec 31, 2025 |
| Washington State Investment Board sib.wa.gov | 2021 | $250M | $239M | $334,912 | $267M | 3.4% | 1.1x | Dec 31, 2025 |
| Colorado Public Employees' Retirement Association content.copera.org | 2021 | $125M | $120M | $167,456 | n/a | 3.4% | unknown | Dec 31, 2025 |
| Pennsylvania Public School Employees' Retirement System pa.gov | 2021 | $75.0M | $72.1M | $0 | $80.1M | 3.3% | 1.1x | Dec 31, 2025 |
| Alaska Permanent Fund Corporation apfc.org | 2021 | $15.0M | n/a | n/a | n/a | not meaningful yet | unknown | Dec 31, 2025 |
| New York State Common Retirement Fund osc.ny.gov | 2021 | $300M | $278M | $78,393 | $284M | not meaningful yet | 1.0x | Mar 31, 2025 |
| New York State Common Retirement Fund osc.ny.gov | 2021 | $300M | n/a | n/a | n/a | not meaningful yet | unknown | Oct 26, 2021 |
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
9 events
- Dec 31, 2025Colorado PERA reports Insight Partners XII: $125,000,000 committed, vintage 2021LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025APFC reports Insight Partners XII LP: $15,000,000 committed, vintage 2021LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025PSERS reports Insight Partners XII, L.P.: $75,000,000 committed, vintage 2021, net IRR 3.3%, 1.11xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025WSIB reports Insight Partners XII, L.P.: $250,000,000 committed, vintage 2021, net IRR 3.4%, 1.1xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Dec 31, 2025CalPERS reports Insight Partners XII, L.P.: $600,000,000 committed, vintage 2021, net IRR 3.4%, 1.1xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 31, 2025NYSCRF reports Insight Partners XII, LP: $300,000,000 committed, vintage 2021LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 25, 2022Insight Partners Xii, L.P. first reported on Form ADV by Insight Venture Partners (Private Equity Fund), GAV $6,661,376,537Fund 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)
- Oct 26, 2021NYSCRF commits $300,000,000 to Insight Partners XII L.P. (Insight Partners), closed 2021-10-26, existing relationship
- Apr 28, 2021Insight Partners XII, L.P. filed Form D: no sales yet (indefinite offering), Private Equity FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Private Equity Fund Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: CAYMAN ISLANDS Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Indefinite offering: true Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: equity,pooled Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: BOX 309, UGLAND HOUSE, GRAND CAYMAN, E9, KY1-1104 Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Apr 28, 2021 Fact SEC EDGAR Form D data sets (quarterly)