Vista Equity Partners Closes VEP Fund IV at $3.5 Billion
Vista Equity Partners now has over $6.6 billion in Committed capital under management
AUSTIN, Texas–Vista Equity Partners III, LLC (Vista) today announces that it has successfully closed Vista Equity Partners Fund IV (VEPF IV) at $3.5 billion. The initial target of $2.5 billion was exceeded due to exceptional LP demand. Vista now manages over $6.6 billion of committed capital in its series of Private Equity Funds.
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 PLC, CDC Software, a global provider of ERP solutions and Misys, the UK based provider of treasury capital markets and banking solutions.
Robert F. Smith, CEO and Chairman of Vista comments, “The successful closing of VEPF IV is a continued endorsement by our LP’s 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.”
Since its inception Vista has completed over 65 transactions totalling 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, making Vista one of the most acquisitive companies in the enterprise software segment. Vista has over 50 investment professionals operating out of Austin TX, Chicago IL and San Francisco CA.
“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,” continued Smith. “We are excited to have added a significant number of new LP relationships to the group of amazing limited partners which have supported us as we continue executing our strategy.”
About Vista Equity Partners
Vista Equity Partners, a U.S. based private equity firm with offices in San Francisco, Chicago and Austin, currently invests over $6.6 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information please visit www.vistaequitypartners.com.