Top Qs
Timeline
Chat
Perspective
Vista Equity Partners
American investment firm From Wikipedia, the free encyclopedia
Remove ads
Vista Equity Partners Management, LLC (Vista) is an American private equity firm that invests in software businesses[2] and manages over $100 billion in assets.[5]
Remove ads
History
Summarize
Perspective
2000-2009
Vista Equity Partners was founded in 2000 by American businessman Robert F. Smith, who is chairman and CEO.[2] Vista opened its first office in San Francisco in 2000.[6] In November 2008, the company closed a funding round for its first institutional fund, Flagship Fund III, and raised a total of $1.3 billion.[7]
2010-2019
In 2010, Vista closed its First Foundation Fund that targeted middle-market companies.[8] Also in 2010, Brian N. Sheth was promoted to president and awarded the title of co-founder of the firm. He remained in this role until in 2020.[9][10]
In 2011, the company opened an office in Austin, Texas.[2] Since then, Vista has added several private equity and credit funds to its portfolio. Its first credit fund raised $196 million.[11][12]
In 2017, the firm raised $560 million for its first fund to invest in early-stage enterprise software companies.[13]
In September 2019, Vista Equity Partners raised $16 billion for its flagship fund, which was the largest technology-focused fund raised by an independent private equity firm at the time.[14] That same year, Vista started a permanent capital investment fund and took its first company public with Ping Identity.[15][16]
2020-present
In October 2020, Vista's CEO Robert F. Smith and investor Robert T. Brockman were named in a tax evasion case.[17][18] That month, Smith signed a non-prosecution agreement with the IRS, agreeing to pay $139 million and testify against Brockman.[17]
In August 2021, Vista's chief operating officer David Breach was announced as president of Vista.[19] In August 2022, the firm agreed to acquire tax automation software platform maker Avalara for $8.4 billion including debt.[20]
In August 2023, Vista Equity Partners had over $100 billion in assets.[21]
In September 2023, the company launched Vista Credit Strategic Lending, a company focused on investments in enterprise software, data, and credit.[22]
In October 2023, Vista, along with Blackstone acquired Energy Exemplar, an Australian energy software company for approximately $1.6 billion.[23]
In 2025, Vista launched VistaOne, opening direct access to its private equity platform for eligible private investors outside the United States.[24] Later, in June 2025, the company ranked 20th in Private Equity International's PEI 300 ranking of the largest private equity firms in the world.[25] In July 2025, the company sold its minority stake in Cvent to Blackstone in a deal valued at $1.3 billion.[26] On 27 October 2025, Vista reached a deal to purchase majority investment in Nexthink from Permira—valuing the Swiss software company at $3 billion.[27]
Remove ads
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads