Vista Equity Partners has closed its third fund with $1.3 billion in capital commitments. The San Francisco-based firm focuses on mid-market opportunities in the enterprise software market.
Vista Equity Partners (“Vista”), a private investment firm, today announced that it has closed Vista Equity Partners Fund III (“VEPF III”) with approximately $1.3 billion in capital commitments. VEPF III is Vista’s first institutional fund, with investors including pension funds, corporate investors, fund-of-funds and high net worth individuals.
Vista focuses on investments in middle-market enterprise software businesses and technology-enabled solutions companies. Over the past eight years of investing in and transforming the operations of software companies, Vista has developed extensive operational and financial expertise in the industry. Through its hands-on approach the Vista team of 18 investment and operations professionals work with portfolio company management to implement sustainable operational transformations and to develop world-class management capabilities to rapidly enhance company value.
“We are extremely pleased to close this fund with strong support from a wide range of investors,” said Robert Smith, Managing Principal at Vista. “Despite widespread problems in the financial markets, we found our investors’ appetite remains strong for experienced investment teams with differentiated approaches and proven strategies.”
Vista will continue its unique focus of partnering with management teams to drive operational improvements. “Through their operational focus the Vista team has enabled our management team to transform our company from a somewhat flat business to one that is experiencing double digit growth in both revenue and EBITDA,” Said Richard Atkins, CEO of Sunquest Information Systems. Sunquest, which provides laboratory information and management systems for hospitals and commercial laboratories, is one of three investments already completed by VEPF III.
About Vista Equity Partners
Based in San Francisco, Vista Equity Partners is a private equity management firm focused on investing in dynamic, successful 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 toward 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 visit www.vistaequitypartners.com <http://www.vistaequitypartners.com/> .