Rachel Arnold

Rachel Arnold has over two decades of experience investing in and scaling growth at market-leading software companies.

Rachel is Co-Head of the Vista Endeavor Funds, where she leads investment strategy and execution for the firm’s small-cap market software portfolio. She sits on Vista’s Executive Committee and Private Equity Management Committee — the firm’s senior governing bodies for overall strategy and platform decisions — and serves on the Investment Committee and Board of Directors of VistaOne, Vista’s evergreen vehicle.

Rachel currently serves on the boards of Akuvo, BigTime, BlueConic, Gnosis Freight, Portside, RadarFirst, Resilinc and Tripleseat, and is active in the firm’s investments in Benchmark, COMPLY, Innovapptive, and mabl. Over her tenure she has been closely involved with AGDATA, Autotask, BigMachines, Bonterra, Bullhorn, Dispatch, Kibo, Lanyon, Lone Wolf, Naviga, PeopleAdmin, Relias Learning, SecureLink, WorkTango and Zapproved. She was named to GrowthCap’s Top Women Leaders in Growth Investing (2022, 2023) and Buyouts’ Women in Private Equity Class of 2022.

What distinguishes Rachel’s investment approach is a decade of operating experience inside four Vista portfolio companies before she joined the firm in 2012 — including as interim CEO of Bonterra (formerly Social Solutions), and in senior product, engineering, and go-to-market leadership roles at Mitratech, MicroEdge, and SRC Software. That operating lens, combined with earlier strategy consulting at Interbrand and equity research covering enterprise software at Pacific Crest, shapes how she partners with founders and management teams to create enduring value.

Rachel co-founded the Austin chapter of Friends of the Children in 2017, focused on breaking cycles of generational poverty through long-term youth mentorship. She is Past Chair and a current board member of that chapter, serves on the board of Friends of the Children Texas, and previously served on its National Board. She is also a board member of Ballroom Marfa, a contemporary arts nonprofit in Marfa, Texas, and is a former Trustee and Treasurer of The Contemporary Austin.