Deals
Robert Smith’s Vista Equity Snags Early $9 Billion for New Fund
- Austin-based buyout firm seals billions after quiet period
- Vista Equity has more than $93 billion in managed assets
Robert Smith, chairman and chief executive officer of Vista Equity Partners
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Vista Equity Partners is almost halfway to raising the $20 billion target it set for its flagship fund, according to people familiar with the situation.
Led by billionaire Robert F. Smith, the eighth iteration of the private equity firm’s main fund has garnered more than $9 billion in investor commitments, said one of the people, who asked not to be identified because the information is private. The early capital pledges for Vista Equity Partners Fund VIII LLP since initial plans surfaced late last year underscores the cache Smith brings to tech dealmaking.