Insight Partners, a New York-based private investment fund, has raised $20 billion for its twelfth fund, far exceeding the previously reported $16 billion target . The new fund brings the 26-year-old firm’s assets under management to $90 billion, according to a press release. Separate from the new fund, Insight has raised more than $15 billion in new capital in the last three years, ranking...
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Crypto Company Bakkt’s Make-or-Break Deal

The crypto industry is littered with the corpses of now-shuttered businesses. Among the survivors, at least so far, is Bakkt, a crypto company founded by New York Stock Exchange owner Intercontinental Exchange. But after a previously unreported second round of layoffs earlier this month, a slew of executive exits and the shuttering of its consumer app, few would be betting on Bakkt. Yet Bakkt...
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