San Francisco-based Vista Equity Partners has closed Vista Equity Partners Fund III, its first institutional fund, with some USD1.3bn in capital commitments from investors including pensio
San Francisco-based Vista Equity Partners has closed Vista Equity Partners Fund III, its first institutional fund, with some USD1.3bn in capital commitments from investors including pension funds, corporate investors, funds of funds and high net worth individuals.
Vista focuses on investments in middle-market enterprise software businesses and technology-enabled solutions companies, having developed extensive operational and financial expertise in the industry over the past eight years.
The firm says its hands-on approach enables a team of 18 investment and operations professionals to work with portfolio company management to implement sustainable operational transformations and to develop management capabilities to enhance company value rapidly.
‘We are extremely pleased to close this fund with strong support from a wide range of investors,’ says Vista managing principal Robert Smith. ‘Despite widespread problems in the financial markets, we found our investors’ appetite remains strong for experienced investment teams with differentiated approaches and proven strategies.’
Sunquest Information Systems, which provides laboratory information and management systems for hospitals and commercial laboratories, is one of three investments already completed by Vista Equity Partners Fund III.
‘Through its operational focus Vista has enabled our management team to transform our company from a somewhat flat business to one that is experiencing double-digit growth in both revenue and ebitda,’ says Sunquest chief executive Richard Atkins.
