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Insight Venture Partners Raises A Whopping $2.57 Billion For Next Fund

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http://techcrunch.com – Insight Venture Partners, a New York-based growth fund that’s backed Tumblr and Twitter, just raised $2.57 billion in what is likely one of the largest raises for a venture fund ever. This is their eighth fund since managing director Jeff Horing co-founded the firm out of business school in 1995. In their most recent fund before this, they had raised $1.5 billion for a fund plus a $500 million co-investment vehicle. To date, they’ve raised a collective $7.6 billion — a large uptake considering that Horing’s first fund was $16 million more than 15 years ago. The sheer (IT news)