DFX Intelligence
Insight Partners Xii, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Private Equity Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals, 12 additional placement agents, 7 additional LP reports and investments, 4 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
- 7 LP reportspublic disclosures
7 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
- 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 evidenceWhat 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 2021-04-28, older than 15 months (fr-1)
evidence dated Apr 28, 2021.
LifecycleActive deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: 2022adv gav as of: Oct 11, 2024vintage basis: ADV first reportedform d sold: $0form d offering: n/aform d latest filed at: Apr 28, 2021
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
- Magenta Capital Services Ltd. placement agent
- Evercore Group, L.L.C. placement agent
Show all 6principals, then placement agents
- Mark Lessing Executive Officer
- Blair Flicker Executive Officer
- Deven Parekh Executive Officer
- Magenta Capital Services Ltd. placement agent
- Evercore Group, L.L.C. placement agent
- David Choi placement agent
Service providers
11 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 performanceWhose 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).
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 | Not disclosed | 3.4% | unknown | Dec 31, 2025 |
Known LPs and allocatorsWhat 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 | $600M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | $300M committed | reported as of Mar 31, 2025 | Fact Pension disclosure |
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | $250M committed | committed Jul 15, 2021 | 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
9 events
- Dec 31, 2025Colorado PERA reports Insight Partners XII: $125,000,000 committed, vintage 2021LP commitment disclosed Fact Pension disclosure
- Dec 31, 2025APFC reports Insight Partners XII LP: $15,000,000 committed, vintage 2021LP commitment disclosed Fact Pension disclosure
- Dec 31, 2025PSERS reports Insight Partners XII, L.P.: $75,000,000 committed, vintage 2021, net IRR 3.3%, 1.11xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025WSIB reports Insight Partners XII, L.P.: $250,000,000 committed, vintage 2021, net IRR 3.4%, 1.1xLP commitment disclosed Fact Pension disclosure
- Dec 31, 2025CalPERS reports Insight Partners XII, L.P.: $600,000,000 committed, vintage 2021, net IRR 3.4%, 1.1xLP commitment disclosed Fact Pension disclosure
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Apr 28, 2021 Fact Form D
- Form D fund type: Private Equity Fund Apr 28, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 28, 2021 Fact Form D
- Amendment: false Apr 28, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 28, 2021 Fact Form D
- Incorporated: withinFiveYears Apr 28, 2021 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Apr 28, 2021 Fact Form D
- Amount sold (Form D): $0 Apr 28, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Apr 28, 2021 Fact Form D
- Indefinite offering: true Apr 28, 2021 Fact Form D
- Investors (Form D): 0 Apr 28, 2021 Fact Form D
- Minimum investment (Form D): 0 Apr 28, 2021 Fact Form D
- Securities offered: Equity, pooled Apr 28, 2021 Fact Form D
- Office address: Apr 28, 2021 Fact Form D
- Year of incorporation: 2021 Apr 28, 2021 Fact Form D
Relationships across DFX
on 3 other DFX graphs · 30 capital paths
Across the graphs
Insight Partners Xii, L.P. is the same institution as 3 records in Private Equity, RIA and Wealth and Allocators.
Private Equity1RIA and Wealth1Allocators1
DFX found 3 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.
Checking your plan…
Capital chain
Insight Partners Xii, 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
9 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
+6 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.