A group led by Dyal Capital Partners has made a passive, minority investment in Vista Equity Partners that will allow the Austin-headquartered firm to continue to expand its asset management platform.
Vista will use this investment to deepen its network of global investors, to expand its product offerings and to scale its business.
“This investment is an exciting development in the evolution of Vista,” says Vista Founder, Chairman & CEO Robert F Smith (pictured). “Dyal and its parent, Neuberger Berman, will be great strategic partners for Vista, as we continue to take advantage of the growing investment opportunities in the software, data and technology-enabled services sectors. Vista remains committed to the same proven investment and operational formula that has made us successful."
Michael Rees, Head of Dyal Capital Partners, says: "We are thrilled to have the opportunity to invest in Vista. Given the unique platform that Vista offers and the strength of the management team, we believe that the partnership between our businesses provides tremendous opportunities to both Dyal and Vista."
Since its founding in 2000, Vista has completed more than 170 transactions representing more than USD45 billion.
The terms of the transaction are private and are not being publicly disclosed. Vista will maintain complete control over the operations of the firm. Dyal is a passive, minority partner.
