Vista Equity Partners Raises Largest Tech-Focused PE Fund in History.

September 6, 2019 | News, Private Equity

Tech funds still generate massive demand from investors

Vista Equity Partners has raised the largest technology-focused PE fund in history.

The shop raised $16 billion in outside capital for its new fund, Vista Equity Partners Fund VII LP.

That figure exceeds the $15 billion raised by Silver Lake. It also surpasses the $12.6 billion raised by Thoma Bravo.

Vista intends to add its capital to the fund. In addition, it will own between 4 and 6% of the fund.

Vista Equity Taps into Booming Demand

Recently, Tech-focused buyout funds have been hot. According to Preqin, tech-focused private-equity funds hit $122.1 billion this year. This figure surpasses the $116 billion that funds raised in 2018. The amount of capital targeting the tech sector has pushed valuations up to very high levels. Some analysts fear that these rising valuations will become unsustainable.

However, Vista still finds these deals attractive. The new fund has already invested in several companies. Investments include low-code software company Quick Base and the buyout of a public software company MindBody for $1.9 billion.

Vista now manages more than $50 billion in the technology buyout space. The firm has one of the best track records in the private equity industry. That reputation has made it easier for the firm to convince LPs to invest.

Since its foundation in 2000, Vista has averaged more than 30% annual returns, according to a recent Wall Street Journal article.

The new fund is the second closed by Vista this year. Earlier in the year, the firm closed on an $850 million fund that is investing in fast-growing enterprise software firms.

For more news about funds and deal news, check here.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
January 4, 2022     FinTech, News

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
January 4, 2022     Digital Assets, News, Real Estate

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF

VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…超·世界.png
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
January 4, 2022     Artificial Intelligence, News, Venture Capital

Chinese AI company has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…