Insight Partners announced this morning the final close of a massive $9.5 billion growth equity fund, dubbed Fund XI, its largest to date.

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The New York-based firm said it will use the money to continue to invest in “high potential software companies” in the form of venture capital and private equity ScaleUP investments. Specific verticals of interest include fintech, government, healthcare, legal, HR, and sales, among others, according to Managing Director Deven Parekh.

Investors included existing backers, as well as new ones. The firm declined to name them.

Insight says it will invest as little as $10 million and as much as $350 million of equity in a company, “although larger transactions are also possible.” In particular, the fund will target “enterprise-ready businesses that have advanced from the startup phase and are positioned for rapid growth” and milestones such as global expansion, mergers and acquisitions, and initial public offerings.

Jeff Horing, Insight Partners’ founder and managing director, acknowledged in a statement the effects of the current climate “and the hardships being felt across the globe” due to the COVID-19 pandemic.

“We are thankful and humbled by the support of our investors which enables us to continue to deliver world class resources during turbulent economic times,” he added.

In a letter to stakeholders, Horing and Parekh noted the “unprecedented times.”

They wrote: “It is a complicated time to be announcing the close of our largest growth equity technology fund, Fund XI, a milestone that we are immensely proud of. Our sense of pride sits alongside gratitude for having closed the fund amidst the brutal fallout from COVID-19.”

Insight has invested over $19 billion in more than 400 companies since its 1995 inception. It recently made majority investments in Armis, Veeam, commercetools and Recorded Future, and minority investments in SentinelOne, 6Sense, OneTrust, WalkMe and monday.com. Insight has seen a known 99 exits in companies such as Twitter, Shopify and Qualtrics, according to Crunchbase data.