Vista racks up over $10 bln for sixth fund

Vista Equity Partners has raised more than $10 billion for its sixth fund, according to three Form D filings.

The filings indicate the firm has raised about $10.5 billion, which is the hard cap on Fund VI. However, this is not a final close for Fund VI, said a source familiar with the San Francisco-based private equity firm.

The current fundraise tops the original $8 billion target as previously reported in Buyouts, citing Oregon Investment Council documents.

Following its previous strategies, Vista’s Fund VI will focus on acquiring enterprise software companies with valuations between $400 million and $5 billion.

In 2014, Vista closed its fifth fund at $5.775 billion. No performance data was available on Fund V.

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