Vistria Group Closes Third Fund At $1.11 Billion

By Amit Chowdhry ● January 13, 2020
  • Chicago-based private investment firm The Vistria Group recently announced the final closing of Vistria Fund III, L.P. with $1.11 billion in total capital commitments

Chicago-based private investment firm The Vistria Group recently announced the final closing of Vistria Fund III, L.P. with $1.11 billion in total capital commitments — which includes a $100 million commitment from the firm’s Principals and Operating Partners. Vistria Fund III was substantially oversubscribed and the firm closed at its hard cap and surpassing its target of $800 million.

“We are very proud to have built a successful organization that is supported by a premier institutional investor group made up of long-standing existing and new limited partners, as well as a talented team of professionals with deep domain expertise across our targeted industries,” said Vistria co-CEO and senior partner Martin Nesbitt. “The successful closing of Fund III will allow us to further capitalize on the investment opportunities that we are currently seeing in the middle market and clearly reflects the strength of our differentiated approach to growing and transforming businesses.”

Vistria has closed 3 private equity funds and several co-investment vehicles since the closing of its first fund in 2014. And during that same period, Vistria has completed 20 portfolio company investments.

Vistria Fund I closed with over $400 million in commitments and Vistria Fund II closed in 2017 with $872 million of commitments. With several co-investment vehicles raised since 2014, Vistria now manages over $3 billion of institutional capital.

“We are very grateful for the overwhelming support from our limited partners throughout an accelerated and oversubscribed fundraising process. We believe that our deep network and differentiated investment approach in our targeted industry sectors gives us the ability to consistently identify unique investment opportunities that resonate well with investors amidst a highly competitive market. Our mission is to create a next-generation private investment firm that builds great companies that drive meaningful impact in our targeted sectors,” added Vistria co-CEO and senior partner Kip Kirkpatrick.

Fund III is going to be a continuation of the same investment strategy that has been a key driver of Vistria’s success since its inception. And Vistria will target investments in middle market companies operating in the healthcare, education, and financial services industries in North America. Along with its predecessor funds, Fund III will seek to invest in businesses that can benefit from Vistria’s deep network, operating expertise, and regulatory perspectives.