Global software investor Insight Partners announced it has raised Insight Vision Capital II, L.P. (Fund II), its second 20/20 Vision Capital fund with $118M of capital commitments.
Fund II included the capital of both Insight’s GPs and institutional Limited Partners, including Massachusetts Pensions Reserves Investment Management Board (MassPRIM), Pennsylvania Public School Employees’ Retirement System (PSERS), Teachers’ Retirement System of the State of Illinois, New York State Common Retirement Fund (NYSCRF) and Alberta Investment Management Corporation (AIMCo).
The fund will invest with a focus on diverse-led, top-tier, early-stage funds. This follows the first 20/20 Vision Capital $15M Fund I, raised entirely through capital commitments from senior partners of Insight (Insight GPs), which launched and deployed in the last two years.
20/20 Vision Capital Fund II has made commitments to funds managed by Act One Ventures Management, L.L.C., Hannah Grey Ventures, LLC, F7 Ventures LLC, SH Fund Management, LLC, Wischoff Ventures, Ansa Capital Management, LLC, Vesey Ventures, Springbank Collective, and Mastry Ventures, some of which are first time funds.
This follows 20/20 Vision Capital Fund I investment into 14 funds, including funds managed by Maple VC Management, LLC, Noemis Ventures Management, LLC, and Precursor Ventures Management, LLC, among others, and Fund II has already made commitments to the successor funds of some of these initial funds.
Across Fund I and II, 68% are led by first-time fund managers, 60% are led by women and 64% are led by Black and/or Latine fund managers.
Born in 2020 during the global pandemic and heightened social unrest, 20/20 Vision Capital supports managers from inception, allowing fund managers to utilize Insight’s GP connections, gain exposure to additional investors and have access to strategic programming, such as advisory support and briefing sessions on the state of the industry.
FinSMEs
06/07/2023