Engineering What’s Next

2021 First Half Update

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Global adoption of enterprise software continues to accelerate, further propelled by the dynamics of the pandemic. Through partnerships that build enduring market value and outcomes that advance humanity forward, Vista is focused on engineering what’s next to harness the transformative power of technology and create an even better future.

Our Approach

With more than 20 years of enterprise software investing experience, Vista remains disciplined and focused, leveraging the firm's deep market and sector expertise to consistently deliver strong, risk-adjusted returns for our limited partners. We continue to provide capital solutions to the enterprise software market, reaching companies at all stages of growth.

Investing Throughout the Capital Structure
FLAGSHIP FUND
Generally, targets middle-market and large-cap companies with enterprise values over $750MM.
EST. 2000
FOUNDATION FUND
Generally, invests in lower middle-market and middle-market companies with enterprise values between $200MM and $750MM.
EST. 2009

Endeavor Fund 

Generally, partners with high-growth companies in the lower-middle market with >$10MM ARR.
EST. 2017
PERENNIAL FUND
Grows industry-leading companies through longer-term investments.
EST. 2018
CREDIT
Provides flexible credit-oriented solutions in the private and broadly syndicated debt markets.
EST. 2013

VISTA PUBLIC STRATEGIES

Focuses on mid-cap, global TMT companies using a fundamental long/short investment strategy.
EST. 2014
Investing Throughout the Capital Structure
Investing Throughout the Capital Structure
FLAGSHIP FUND
Generally, targets middle-market and large-cap companies with enterprise values over $750MM.
EST. 2000
FOUNDATION FUND
Generally, invests in lower middle-market and middle-market companies with enterprise values between $200MM and $750MM.
EST. 2009
Endeavor Fund
Generally, partners with high-growth companies in the lower-middle market with >$10MM ARR.
EST. 2017

The Next Frontier of Software Investment and the Private Markets

Learn how private markets – and Vista – are uniquely positioned to enable the future of software.
View the Whitepaper
PERENNIAL FUND
Grows industry-leading companies through longer-term investments.
EST. 2018
CREDIT
Provides flexible credit-oriented solutions in the private and broadly syndicated debt markets.
EST. 2013
VISTA PUBLIC STRATEGIES
Focuses on mid-cap, global TMT companies using a fundamental long/short investment strategy.
EST. 2014
The Next Frontier of Software Investment and the Private Markets
Learn how private markets – and Vista – are uniquely positioned to enable the future of software.
Industry Awards and Recognition

Our position as a leading enterprise software investor has been further cemented in 2021, with notable awards recognizing Vista’s excellence across all facets of the business, including our people,
our deals and our firm. 

Investment Activity

With 60 transactions completed during the first half of 2021, Vista continues to invest in, partner with and drive growth for leading enterprise software companies that advance our world. 

2021 Transaction Activity
PE & Permanent Capital — Platform & Minority Investments
12

PE & Permanent Capital — Add-On Acquisitions

 

30

PE & Permanent Capital — Monetizations

 

8

PE & Permanent Capital —
IPOs & PUBLIC EQUITY OFFERINGS
3
Credit — Founder Direct Transactions
3
Public Equity — Minority Investments
4
Total Transactions
60
PE & Permanent Capital — Platform & Minority Investments 
12
+

PE & Permanent Capital — Add-On Acquisitions

 

30

+

PE & Permanent Capital — Monetizations

 

8
+

PE & Permanent Capital —
IPOs & PUBLIC EQUITY OFFERINGS

 

3
+

Credit — Founder Direct Transactions

 

3
+

Public Equity — Minority Investments

 

4
Total Transactions

60

PE & Permanent Capital — Platform & Minority Investments
12
+

PE & Permanent Capital — Add-On Acquisitions

 

 

30

+

PE & Permanent Capital — Monetizations

 

 

8
+

PE & Permanent Capital —
IPOs & PUBLIC EQUITY OFFERINGS

3
+

Credit — Founder Direct Transactions

 

 

3
+

Public Equity — Minority Investments

 

4
Total Transactions
60
PE & Permanent Capital — Platform & Minority Investments
12
PE & Permanent Capital — Add-On Acquisitions

30

PE & Permanent Capital — Monetizations

8

PE & Permanent Capital —
IPOs & PUBLIC EQUITY OFFERINGS
3
Credit — Founder Direct Transactions
3
Public Equity — Minority Investments
4
Total Transactions
60

PRIVATE EQUITY AND PERMANENT CAPITAL — PLATFORM AND MINORITY INVESTMENTS

Hover to see fund information and click to learn more

PLATFORM

Foundation Fund

PLATFORM

Foundation Fund

PLATFORM

Perennial Fund

PLATFORM

Foundation Fund

PLATFORM

Endeavor Fund

MINORITY INVESTMENT

Flagship Fund

MINORITY INVESTMENT

Flagship Fund

MINORITY INVESTMENT

Flagship Fund

MINORITY INVESTMENT

Flagship Fund

PLATFORM

Endeavor Fund

PLATFORM

Flagship Fund

PLATFORM

Foundation Fund

PRIVATE EQUITY AND PERMANENT CAPITAL — ADD-ON ACQUISITIONS

Hover to see fund information and click to learn more

Acquired by Apptio

Flagship Fund

Acquired by Pluralsight

Flagship Fund

Acquired by LogicMonitor

Foundation Fund

Acquired by IAS

Flagship Fund

Acquired by Social Solutions

Foundation Fund

Acquired by Granicus

Foundation Fund

Acquired by Datto

Flagship Fund

Acquired by Advanced

Flagship Fund

Acquired by SmartBear

Flagship Fund

Acquired by Jamf

Flagship Fund

Acquired by Solera

Flagship Fund

Acquired by LogicMonitor

Foundation Fund

Acquired by Solera

Flagship Fund

Acquired by Khoros

Foundation Fund

Acquired by SecureLink

Endeavor Fund

Acquired by Naviga Global

Foundation Fund

Acquired by Zego

Foundation Fund

Acquired by Sonatype

Foundation Fund

Acquired by Advanced

Flagship Fund

Acquired by PowerSchool

Flagship Fund

Acquired by Solera

Flagship Fund

Acquired by Granicus

Foundation Fund

Acquired by FWI

Foundation Fund

Acquired by Naviga Global

Foundation Fund

Acquired by Ping Identity 

Flagship Fund

Acquired by Cvent

Flagship Fund

Acquired by Advanced

Flagship Fund

Acquired by EAB

Flagship Fund

Acquired by Apptio

Flagship Fund

Acquired by Xactly

Flagship Fund

Acquired by Jamf

Flagship Fund

Acquired by EAB

Flagship Fund

PRIVATE EQUITY AND PERMANENT CAPITAL — MONETIZATIONS

Hover to see transaction information and click to learn more

Flagship Fund

Sale to InvestCloud

Foundation Fund

Sale to RLDatix

Flagship Fund

Sale to Alpine Investors

Endeavor Fund (Partial)

Sale to K1 Investment Management

Flagship Fund (Partial)

Sale to BC Partners

Flagship Fund

Sale to Kantar

Foundation Fund

Sale to Citrix

Foundation Fund

Sale to Global Payments

PRIVATE EQUITY AND PERMANENT CAPITAL — IPOs & PUBLIC EQUITY OFFERINGS1

Hover to see fund information and click to learn more

FLAGSHIP FUND

FLAGSHIP FUND

FLAGSHIP FUND

CREDIT — FOUNDER DIRECT TRANSACTIONS

Hover to see transaction information and click to learn more

TBD

TBD

Convertible Note

VCOF

Series E Financing

Vista Credit Funds

First Lien Term Loan + Warrants

Vista Credit Funds

Founder Direct

Vista Credit Funds

PUBLIC EQUITY — Minority Private Investments and IPOs

Hover to see transaction information and click to learn more

IPO

Series G Private Investment

IPO

IPO

PRIVATE EQUITY AND PERMANENT CAPITAL — PLATFORM AND MINORITY INVESTMENTS

Click to see fund information

PLATFORM

Foundation Fund

PLATFORM

Foundation Fund

PLATFORM

Perennial Fund

PLATFORM

Foundation Fund

PLATFORM

Endeavor Fund

MINORITY INVESTMENT

Flagship Fund

MINORITY INVESTMENT

Flagship Fund

MINORITY INVESTMENT

Flagship Fund

MINORITY INVESTMENT

Flagship Fund

PLATFORM

Endeavor Fund

PLATFORM

Flagship Fund

PLATFORM

Foundation Fund

PRIVATE EQUITY AND PERMANENT CAPITAL — ADD-ON ACQUISITIONS

Click to see transaction information

Acquired by Apptio

Flagship Fund

Acquired by Pluralsight

Flagship Fund

Acquired by LogicMonitor

Foundation Fund

Acquired by IAS

Flagship Fund

Acquired by Social Solutions

Foundation Fund

Acquired by Granicus

Foundation Fund

Acquired by Datto

Flagship Fund

Acquired by Advanced

Flagship Fund

Acquired by SmartBear

Flagship Fund

Acquired by Jamf

Flagship Fund

Acquired by Solera

Flagship Fund

Acquired by LogicMonitor

Foundation Fund

Acquired by Solera

Flagship Fund

Acquired by Khoros

Foundation Fund

Acquired by SecureLink

Endeavor Fund

Acquired by Naviga Global

Foundation Fund

Acquired by Zego

Foundation Fund

Acquired by Sonatype

Foundation Fund

Acquired by Advanced

Flagship Fund

Acquired by PowerSchool

Flagship Fund

Acquired by Solera

Flagship Fund

Acquired by Granicus

Foundation Fund

Acquired by FWI

Foundation Fund

Acquired by Naviga Global

Foundation Fund

Acquired by Ping Identity 

Flagship Fund

Acquired by Cvent

Flagship Fund

Acquired by Advanced

Flagship Fund

Acquired by EAB

Flagship Fund

Acquired by Apptio

Flagship Fund

Acquired by Xactly

Flagship Fund

Acquired by Jamf

Flagship Fund

Acquired by EAB

Flagship Fund

PRIVATE EQUITY AND PERMANENT CAPITAL — MONETIZATIONS

Click to see transaction information

Flagship Fund

Sale to InvestCloud

Foundation Fund

Sale to RLDatix

Flagship Fund

Sale to Alpine Investors

Endeavor Fund (Partial)

Sale to K1 Investment Management

Flagship Fund (Partial)

Sale to BC Partners

Flagship Fund

Sale to Kantar

Foundation Fund

Sale to Citrix

Foundation Fund

Sale to Global Payments

PRIVATE EQUITY AND PERMANENT CAPITAL — IPOs & PUBLIC EQUITY OFFERINGS1

Click to see fund information

FLAGSHIP FUND

FLAGSHIP FUND

FLAGSHIP FUND

CREDIT — FOUNDER DIRECT TRANSACTIONS

Click to see transaction information

TBD

TBD

Convertible Note

VCOF

Series E Financing

Vista Credit Funds

First Lien Term Loan + Warrants

Vista Credit Funds

Founder Direct

Vista Credit Funds

PUBLIC EQUITY — Minority Private Investments and IPOs

Click to see transaction information

IPO

Series G Private Investment

IPO

IPO

Announced Transaction Highlights
Foundation Fund Monetization

"Vista enabled us to accelerate our growth and innovation to advance Wrike’s mission and prepare for this new chapter."

Andrew Filev, Founder and CEO

Read More >

Endeavor Fund Platform Investment

“We are confident in Vista’s ability to help scale our business so we can continue to deliver the experiences that are crucial for residents, families and caregivers.” 

Lisa Taylor, CEO

Read More >
Flagship Fund Platform Investment

"When looking for an investment partner, we placed a premium on a deep understanding of ad tech and a willingness to lean into developing our portfolio of innovative, high-growth products. Vista is that partner."

Eric Berry, Co-Founder and CEO

Read More >
Vista Credit Partners Growth Investment

“Vista Credit Partners shares our commitment to delivering innovative and market-leading technologies that make the law more accessible than ever.”

Charley Moore, Founder and CEO

Read More >
Perennial Fund Platform Investment

“[Vista's] investment strategy represents a long-horizon commitment to our company with significant new capital to accelerate digital transformation, our open SaaS platform and international growth.” 

Laura Ipsen, President & Chief Executive Officer 

Read More >

Portfolio

Partnership

Vista is proud to partner with companies to promote operational excellence and product innovation while accelerating growth. Our approach is constantly evolving through the contributions of a global network of leading management teams and is strengthened by our firm’s 250 investment and operating professionals.

Our Approach: From
Theory to Practice
The success of Vista is fueled by our ecosystem of shared learning, industry expertise and an engineering mindset to continuously improve.
In this blog post, Nick Mehta, CEO of Gainsight, discusses his experience working with Vista. 

Our Approach: From Theory to Practice

The success of Vista is fueled by our ecosystem of shared learning, industry expertise and an engineering mindset to continuously improve. Here, Nick Mehta, CEO of Gainsight, discusses his experience working with Vista. 
Read More
Enhancing Company Boards

In a survey by NACD, 76% of board members agreed that board diversity enhances the performance of a company. Our Independent Board Program, established in 2017, leverages Vista’s network and resources to source qualified board candidates for our portfolio companies and looks to increase diverse pipeline talent within the ecosystem.2

0

current external
board members

0+
appointments
in 2021
0%
of our majority-owned
Boards include at
least one woman
0%
of our Majority-
owned Boards include
at least one
person of color
0
external board
members placed
0
appointments in 2021
+
%
0
of our majority-owned
Boards include at
least one woman
%
0
of our Boards have
at least one
person of color

ESG: Responsibility

& Impact

We continue to advance our environmental, social and governance practices in support of all our stakeholders, recognizing our opportunity and responsibility to make a positive impact on the world through our investment and business decisions.

Environmental

We achieved carbon neutrality as a firm for the second year running, partnering with Clearloop to offset our 2020 carbon footprint while providing clean energy to underserved southern communities. 
Learn More
Environmental
This year, we committed to carbon neutrality as a firm for the third year running and called on all CEOs across Vista’s portfolio companies to commit to measuring their GHG emissions by August 1, 2021. 
Vista Offset
Social
We also rolled out a “Conscious Inclusion” program to enhance inclusion practices in our place of work. Learn more about this program from Director of Diversity & Inclusion, Khalida Ali, in a recent article in New Private Markets.
Concious Inclusion
Governance

Vista was pleased to join ILPA’s Diversity in Action initiative and the Corporate Call to Action, bringing further diversity of thought and experience to manage the core responsibilities of our firm strategy.

Call to Action

Social

We launched our “Conscious Inclusion” program to enhance inclusion practices in our place of work. Learn more about this initiative from Director of Diversity & Inclusion, Khalida Ali, in a recent article in New Private Markets.
Learn More

Governance

Vista was pleased to join ILPA’s Diversity in Action initiative and the Corporate Call to Action, bringing further diversity of thought and experience to manage the core responsibilities of our firm strategy.
Learn More

Environmental

We achieved carbon neutrality as a firm for the second year running, partnering with Clearloop to offset our 2020 carbon footprint while providing clean energy to underserved southern communities.
Learn More

Social

We also rolled out a “Conscious Inclusion” program to enhance inclusion practices in our place of work. Learn more about this program from Director of Diversity & Inclusion, Khalida Ali, in a recent article in New Private Markets.
Learn More

Governance

Vista was pleased to join ILPA’s Diversity in Action initiative and the Corporate Call to Action, bringing further diversity of thought and experience to manage the core responsibilities of our firm strategy.
Learn More
How We Get to Next

Click below to hear from the women of Vista on the success they have found in a culture that embraces diversity.

Creating Opportunity

Through partnerships throughout our communities and industry, Vista strives to create equitable access to opportunities and equip future generations with the skills they need to move the digital economy forward.

Vista by the Numbers
$77 BN+
Assets Under Management3
450+

Employees4

70+

Companies5

$46.7 BN

PE & Permanent Capital
Deployed since inception5

$37.1 BN
PE & Permanent Capital
Returned since inception5