Austin-based Vista Equity Partners raises $5.8 billion investment fund

Oct 17, 2014
Austin American Statesman

Austin-based Vista Equity Partners, which has quietly grown into a leading global private equity firm, has closed on a new $5.8 billion investment fund

The firm said it will use the fund, which is the fifth it has raised, to make investments in software, data and “technology-enabled” companies

“We will continue our approach targeting product innovation and market coverage in the enterprise software space,” Brian Sheth, president and co-founder of Vista Equity Partners, said in a written statement. “We see the market capitalization of the software industry growing exponentially over the next five to 10 years, and with Fund V, we will be well placed to recognize, seize and grow market opportunities.”

Vista, which was founded in 2000 by Sheth and Robert Smith, has kept a low profile while making large investments in technology companies. According to research firm Preqin, Vista is one of the 10 best-performing private equity firms in the world

Last month, Vista announced a $4 billion leveraged buyout of California-based Tibco Software. This week the firm announced it is buying payments company TransFirst Inc. and Navex Global, which makes compliance software, from other private equity firms

Officials said investors in Fund V, which is the firm’s largest, include U.S. multinational corporate plans, large endowments, foreign corporate pension plans and foreign sovereign wealth funds

New limited partners in the fund include investors from the U.S., Europe, Asia, Australia and the Middle East

According to the Wall Street Journal, Vista has offices in San Francisco and Chicago, but Sheth and Smith have made Austin their home base. Vista’s Austin office is in the Frost Tower downtown

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