Vista Equity Views A New Fund
Vista Equity Partners has apparently begun raising its next fund, Vista Equity Partners IV. The San Francisco-based private equity firm, which focuses on software and technology firms, has total committed capital of $2.7 billion, according to the firm’s Web site. Vista was founded in 2000. The previous fund in the series, Fund III, closed in 2008, having raised $1.3 billion. The new fund was revealed as an agenda item for Thursday’s forthcoming meeting of the New Jersey State Investment Council. No word yet as to the size of the proposed commitment nor the fundraising target of the fund itself. Last year, Vista introduced a fund in a new series, Foundation Fund I, which held an interim close after having raised $195 million of its $400 million overall target.
