Ropes & Gray Advises HarbourVest on Their Investment in Insight Partners’ $1.5 Billion Continuation Fund III

Insight Partners announced on October 15 the successful closing of Continuation Fund III, with HarbourVest Partners leading a group of limited partners (LPs) investing in the fund. Ropes & Gray advised HarbourVest Partners on their investment in the fund, which closed with total commitments of approximately $1.5 billion.

HarbourVest is an independent, global private markets firm with over 42 years of experience and more than $127 billion of assets under management as of March 31, 2024. Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2024, the firm has over $80B in regulatory assets under management.

Insight’s Continuation Fund III was established to acquire stakes in notable software companies across multiple Insight funds, further enabling their growth while providing liquidity options for Insight’s existing LPs.

The Ropes & Gray team was led by alternative asset opportunities partner Isabel Dische, who also serves as practice chair, and included tax partner Dan Kolb, employment and benefits partner and Joshua Lichtenstein, litigation & enforcement partners Bil Davison and Lisa Kaltenbrunner, litigation & enforcement counsel Deidre Johnson, senior funds attorney Danielle Jankowich, and associates Christian Vareika and Aaron Lichter.