Vista Equity reportedly surpasses $11B for latest fund
May 10, 2017
Vista Equity Partners has closed its sixth flagship buyout fund on more than $11 billion, surpassing an initial $10 billion hard cap, per The Wall Street Journal.
With 40% of the fund's capital already deployed, the tech-focused firm’s largest buyout vehicle ever easily surpassed its predecessor, which closed on $5.78 billion in 2014. Meanwhile, Vista's returns have started to taper off for each of its five flagship funds, with Vista Equity Partners V posting a 9.70% IRR as of 4Q 2016, per the PitchBook Platform.
That marks a steep decline compared to a 2009 debut vehicle that posted a 38.8% IRR as of 2Q of last year. But investors have hardly been deterred. Vista collectively raised $15.6 billion in five separate funds last year, per the WSJ.
Interested in learning more about Vista and its focus on tech investments? We featured the Austin-based firm in our Investor Spotlight series earlier this year.