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Alternative Market Briefing

Austin's Vista Equity Partners raises $850m software buyout fund

Friday, July 12, 2019

Laxman Pai, Opalesque Asia:

Austin-based Vista Equity Partners has raised $850m for a fund that the private equity giant plans to use to buy up fast-growing software companies.

Vista Equity Partners said that its Endeavor Fund II will focus on enterprise software companies with between $10m and $30m in annual revenue. Those companies will then have access to Vista's 125 in-house consultants, who will work to grow the businesses, Vista Equity said.

Vista's Endeavor platform now manages over $1.4bn 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, Co-Head of Vista's Endeavor platform.

"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," said Rene Yang Stewart, Co-Head of Vista's Endeavor platform.

Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco and more than $50bn in cumulative capital commitments.

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