AUSTIN, Texas ‐ October 15, 2014 — Vista Equity Partners, a leading private equity firm focused exclusively on investments in software, data and technology‐enabled companies, announced today it has completed fundraising for Vista Equity Partners Fund V. The Fund closed at $5.775 billion in limited partner commitments and was substantially oversubscribed. This brings Vista's total cumulative capital commitments to over $14B.
At $5.775 billion, Fund V is Vista Equity Partners' largest private equity fund to date. "We are pleased by the tremendous demand for our flagship fund. The over-subscription is an acknowledgment of the Vista's strategy," said Robert F. Smith, Founder, Chairman & CEO of Vista Equity Partners. "This is the world's largest private equity fund focused on software, data, and technology‐enabled organizations. With the same management and investment teams in place over the last 14 years, we have built Vista for this type of scale. We are grateful to our longtime Limited Partners for continuing to support our investment strategy, and, we are delighted to welcome a number of new institutional investors into the Vista family," said Smith.
New Limited Partners in Fund V include investors from the United States, Europe, Asia, Australia and the Middle East. "Our intention has been to include more investors who enhance Vista's global strategic objectives, as software is a global opportunity. The firm added a number of new relationships including US multinational corporate plans, large endowments, foreign corporate pension plans and foreign sovereign wealth funds to enable access to global investment opportunities. Investors have come to realize the strength of the Vista franchise in transforming businesses and creating value," said Smith.
Brian Sheth, President & Co‐Founder of Vista Equity Partners said, "We will continue our approach targeting product innovation and market coverage in the enterprise software space. We see the market capitalization of the software industry growing exponentially over the next 5‐10 years, and with Fund V, we will be well‐placed, to recognize, seize, and grow market opportunities."
About Vista Equity Partners
Vista Equity Partners, a U.S.‐based private equity firm with offices in Austin, Chicago and San Francisco, with over $14 billion in cumulative capital commitments, currently invests in dynamic, successful software, data and technology‐enabled organizations led by world‐class management teams with long‐term perspective. Vista is a value‐added investor, contributing professional expertise and multi‐level support towards companies realizing their full potential. Vista's investment approach is anchored by a sizable long‐term capital base, experience in structuring technology‐oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit: www.vistaequitypartners.com.