Vista Equity Partners announced today that it has closed Vista Equity Partners Fund IV (VEPF IV) at $3.5 billion, exceeding the initial target of $2.5 billion. Vista now manages over $6.6 billion of committed capital in its series of private equity funds.
“The successful closing of this fund is a continued endorsement by our limited partners of the strategy that we have refined over the last decade. Both our existing and our new investors have shown their confidence in our ability to acquire strategic assets, create value by implementing operational best practices using trained executives and ultimately realize consistent significant returns,” said Robert Smith, CEO and Chairman of Vista.
“VEPF IV will continue to build on Vista’s track record of creating value through the transformation of enterprise software, content and data driven businesses,” said Mr. Smith. “We are excited to have added a significant number of new limited partner relationships to the group of amazing limited partners which have supported us as we continue executing our strategy.”
VEPF IV has already announced the following four acquisitions; Turaz, a divestiture from Thomson Reuters; Vitera, the former Sage Healthcare Division of The Sage Group; CDC Software, a global provider of ERP solutions; and Misys, a UK based provider of treasury capital markets and banking services.
Vista Equity Partners was founded in 2000 and is focused on equity investments involving enterprise software businesses and technology-enabled solutions companies. Since its inception Vista has completed over 65 transactions totaling more than $15 billion in aggregate value. In 2011 alone Vista completed 21 acquisitions, including stand alone and add-on deals for its portfolio companies. Vista has over 50 investment professionals operating out of Austin TX, Chicago IL and San Francisco CA (www.vistaequitypartners.com).