Insight Partners, a well-known investment firm based in New York, is close to securing over $10 billion in capital pledges for its 13th investment fund, according to a report from the Financial Times (FT).

Recent news indicates that two businesses from Insight’s portfolio were purchased within the past week. The first of these is a threat intelligence firm, Recorded Future, which was sold to Mastercard for an impressive $2.65 billion. Notably, Insight Partners was the sole owner of this company, having acquired it in 2019 for $780 million.

The second company, a startup named Own that specializes in creating tools for data backup in cloud-based applications, was bought by Salesforce for $1.9 billion. This figure represents roughly half of the $3.5 billion valuation assigned to Own by investors in 2021.

While Insight Partners’ current portfolio features prominent cybersecurity firm Wiz, the potential total for its new fund could reach an estimated $12 billion, as per the FT report. Although this figure is substantial, it falls short of the $20 billion that Insight Partners declared for its 12th fund in 2022, a year when venture industry fundraising was at peak levels.

This information is particularly relevant for those interested in investing or keeping up with financial trends, providing a snapshot of significant moves within the venture capital industry. However, the article’s primary focus is not purely investment-centric, offering a broader overview of developments within the industry.