Vista Equity Partners closes Endeavor Fund II at USD85m hard cap
Vista Equity Partners (Vista), an investment firm focused on enterprise software, data, and technology-enabled businesses, has completed fundraising for Vista Equity Endeavor Fund II.
The Fund was significantly oversubscribed from a diverse group of limited partners and closed at its hard-cap of USD850 million. Vista’s Endeavor platform now manages over USD1.4 billion in assets and specialises 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,” says Alan Cline, 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, high-growth enterprise software, data and technology-enabled businesses with USD10 million to USD30 million in annual recurring revenue. As part of the Vista portfolio, Endeavor companies have access to operational expertise through Vista’s 125-person consulting team that is committed to working with founders, executives, and management teams to grow and scale their businesses. Companies 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,” says Rene Yang Stewart, 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.”