Vista Equity Partners said July 11 that its second endeavor fund closed at its $850 million hard cap. Vista Equity Endeavor Fund II focuses on enterprise software, data and technology-enabled businesses with $10 million to $30 million in annual recurring revenue.
Vista Equity Partners Announces Close of Endeavor Fund II
$850 Million Fund Invests in High-Growth Enterprise Software Companies
AUSTIN, Texas – July 11, 2019 – Vista Equity Partners (“Vista”), a leading investment firm focused on enterprise software, data, and technology-enabled businesses, today announced it has completed fundraising for Vista Equity Endeavor Fund II. The Fund was significantly oversubscribed from a diverse group of limited partners and closed at its hard-cap of $850 million. Vista’s Endeavor platform now manages over $1.4 billion in assets and specializes in investment opportunities focused on scaling high-growth enterprise software companies.
“Companies are increasingly demanding an investment partner that can provide operational expertise and support in addition to capital investments,” said Alan Cline, Co-Head of Vista’s Endeavor platform. “We are thrilled to close on Endeavor Fund II at a time when the number of companies that could benefit from our partnership continues to expand. We thank our limited partners for their confidence in us as investors and their belief in the value we offer founders, entrepreneurs, and management teams.”
Endeavor focuses on mission-critical, high-growth enterprise software, data and technology-enabled businesses with $10 million to $30 million in annual recurring revenue. As part of the Vista portfolio, Endeavor companies have access to operational expertise through Vista’s 125-person consulting team that is committed to working with founders, executives, and management teams to grow and scale their businesses. Companies benefit from Vista’s unparalleled enterprise software network and expertise, developed over nearly two decades of guiding the growth of hundreds of enterprise software companies.
“By partnering with talented entrepreneurs and management teams to provide earlier stage companies access to capital along with Vista’s expertise, resources, and experience building world-class businesses, Vista’s Endeavor Fund empowers companies to grow and scale during the critical phase between venture capital investments and traditional buyouts,” said Rene Yang Stewart, Co-Head of Vista’s Endeavor platform. “With the close of Endeavor Fund II, we are well-positioned to continue to identify, invest, and advance today’s most promising, high-growth enterprise software companies across industries.”
About Vista Equity Partners
Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco and more than $50 billion in cumulative capital commitments. Vista exclusively invests in enterprise software, data, and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity. For more information, please visit www.vistaequitypartners.com.