Vista Equity Partners Closes $850 Million Round For Endeavor Fund II

By Amit Chowdhry ● Jul 13, 2019
  • Vista Equity Partners announced it closed an $850 million fund known as the Vista Equity Endeavor Fund II

Vista Equity Partners has announced it closed an $850 million fund known as the Vista Equity Endeavor Fund II. This fund was significantly oversubscribed from a diverse group of limited partners and closed at its hard cap of $850 million.

Now Vista’s Endeavor platform manages over $1.4 billion in assets and specializes in investment opportunities focused on scaling high-growth enterprise software companies.

“Companies are increasingly demanding an investment partner that can provide operational expertise and support in addition to capital investments,” said Alan Cline — the Co-Head of Vista’s Endeavor platform. “We are thrilled to close on Endeavor Fund II at a time when the number of companies that could benefit from our partnership continues to expand. We thank our limited partners for their confidence in us as investors and their belief in the value we offer founders, entrepreneurs, and management teams.”

Endeavor focuses on mission-critical and high-growth enterprise software, data, and technology-enabled businesses with $10 million to $30 million in annual recurring revenue.

As part of the Vista portfolio, Endeavor companies will have access to operational expertise through Vista’s 125-person consulting team committed to working with founders, executives, and management teams to grow and scale their businesses. Plus companies will also benefit from Vista’s unparalleled enterprise software network and expertise, developed over nearly two decades of guiding the growth of hundreds of enterprise software companies.

“By partnering with talented entrepreneurs and management teams to provide earlier stage companies access to capital along with Vista’s expertise, resources, and experience building world-class businesses, Vista’s Endeavor Fund empowers companies to grow and scale during the critical phase between venture capital investments and traditional buyouts,” added Rene Stewart — the Co-Head of Vista’s Endeavor platform. “With the close of Endeavor Fund II, we are well-positioned to continue to identify, invest, and advance today’s most promising, high-growth enterprise software companies across industries.”