Vista Equity Partners Reportedly Raises A Massive $16 Billion For New Tech Fund

By Amit Chowdhry ● Sep 11, 2019
  • Vista Equity Partners has reportedly raised $16 billion in outside commitments, according to The Wall Street Journal

Vista Equity Partners — the venture firm led by billionaire philanthropist Robert F. Smith (who paid the tuition for 396 Morehouse students) — recently closed its seventh flagship fund with $16 billion in outside commitments, according to The Wall Street Journal. Plus Vista is planning to contribute several hundred million of its own capital on top of this. This is a major leap from an $11 billion fund that was established a couple of years ago.

Vista Equity has offices in Austin, Chicago, New York City, Oakland, and San Francisco. And it now has more than $50 billion in cumulative capital commitments. The company exclusively invests in software, data, and technology organizations. Vista provides these organizations with professional expertise and multi-level support so that they can realize their full potential.

One of the most remarkable deals that Vista made was Adobe’s $4.75 billion acquisition of Marketo. Vista had taken Marketo private for $1.8 billion in May 2016. This means Vista saw a $2.95 billion profit in about two years.

Some of Vista’s current portfolio companies include 7Park Data, Aptean, Applause, Apptio, Black Mountain, Cvent, Datto, DealerSocket, Kazoo, KIBO, LogicMonitor, Naviga, PayLease, Ping Identity, SecureLink, TIBCO, Upserve, Wrike, Xactly, and Zapproved.