Dyal Capital takes minority stake in Vista Equity

Dyal Capital Partners said Tuesday it has made a passive, minority investment in Vista Equity Partners. Financial terms weren’t announced. Vista, a technology focused private equity firm, said it will maintain complete control over its operations. Dyal Capital is the PE unit of Neuberger Berman.


AUSTIN, Texas–(BUSINESS WIRE)–Vista Equity Partners today announced that a group led by Dyal Capital Partners has made a passive, minority investment in Vista that will allow the Austin-headquartered firm to continue to expand its industry-leading asset management platform. Vista will use this investment to deepen its network of global investors, to expand its product offerings and to scale its business.

This investment is an exciting development in the evolution of Vista,” said Vista Founder, Chairman & CEO Robert F. Smith. “Dyal and its parent, Neuberger Berman, will be great strategic partners for Vista, as we continue to take advantage of the growing investment opportunities in the software, data and technology-enabled services sectors. Vista remains committed to the same proven investment and operational formula that has made us successful.”
Michael Rees, Head of Dyal Capital Partners, said, “We are thrilled to have the opportunity to invest in Vista. Given the unique platform that Vista offers and the strength of the management team, we believe that the partnership between our businesses provides tremendous opportunities to both Dyal and Vista.”
Since its founding in 2000, Vista has completed more than 170 transactions representing more than $45 billion.
The terms of the transaction are private and are not being publicly disclosed. Vista will maintain complete control over the operations of the firm. Dyal is a passive, minority partner.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based investment firm with offices in Austin, Chicago and San Francisco, with more than $14 billion in cumulative capital commitments, currently invests in software, data and technology-based 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 visitwww.vistaequitypartners.com.
About Dyal Capital Partners
Dyal Capital Partners, a unit of Neuberger Berman Group, establishes minority equity interests in institutional alternative asset management businesses worldwide. Dyal Capital Partners was established in 2011 and has twelve minority partnerships currently. For more information, please visit www.dyalcapital.com.