Q3 Review
Vista is a leading global investment firm with more than $94 billion in assets under management as of June 30, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.
READ MORE UPDATES
Legal Information +
Vista announced 11 transactions in the third quarter. Our Flagship Fund announced one platform investment with the take-private
of Avalara and one monetization with the exit of our stake in Ping Identity via its forthcoming acquisition. Across our Flagship, Foundation and Endeavor Funds we announced 8 total add-on acquisitions, and Vista Credit Partners announced a monetization for TCGplayer.
Investing in Enterprise Software
Michael Charlton recently joined Vista as a Managing Director on our Capital & Partner Solutions team
to spearhead fundraising efforts for our credit strategy. Based in New York, Mike brings over three decades
of experience leading successful marketing and investor relations initiatives, and we are pleased to welcome
his expertise and deep industry knowledge.
David Flannery, President of Vista Credit Partners
and Senior Managing Director, recently sat down
for an interview with Pitchbook to discuss Vista’s FounderDirect program, broader trends in the credit markets and software-specific lending nuances.
Advancing Our Credit Strategy
Q3 REVIEW
Investing in
Enterprise Software
READ MORE UPDATES
Vista is a leading global investment firm with more than $94 billion
in assets under management as of June 30, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit
and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees.
Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.
Legal Information +
This document is intended to provide general information regarding Vista’s investing experience and not for the purpose of soliciting investors for any Vista Fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant Vista Fund. The information provided may not be reproduced or disseminated to any third parties without the written consent of Vista. The past performance of previous Vista Funds and portfolio companies is not necessarily indicative of future results. Investors in Vista Funds may lose investment capital. There can be no assurance that any future Vista Funds or portfolio companies will achieve comparable results. Additional important disclosures can be found here. ©2022 Vista
The content of this Newsletter is for general, informational purposes. Vista Equity Partners does not make any representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information contained herein. Under no circumstances should the information presented be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made pursuant to the current offering documents for the relevant Vista Fund (the “Fund”) which may only be provided to accredited investors and qualified purchasers as defined under the Securities Act of 1933 and the Investment Company Act of 1940. While the information provided herein is believed to be accurate and reliable, Vista Equity Partners, its advisors and employees make no express warranty as to its completeness or accuracy.
Although the Newsletter may include investment-related information, nothing in the Newsletter is a recommendation that you purchase, sell or hold any security or other investment, or that you should pursue any investment strategy, and no information or Content (as defined below) on the Newsletter is to be relied upon for the purpose of making or communicating investment or other decisions. Nothing in the Newsletter is intended to be, and you should not consider anything on the Newsletter to be investment, accounting, tax, legal or other professional advice.
The information provided in this Newsletter may not be reproduced, distributed or communicated, in whole or in part, to any third party without the express written consent of Vista Equity Partners.
This Newsletter includes information regarding Vista Equity Partners’ past and present portfolio companies. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to Vista Equity Partners’ past and present portfolio companies should not be construed as a recommendation of any particular investment or security. The portfolio companies listed should not be assumed to have been profitable. Any past performance information in the Newsletter is not necessarily indicative, or a guarantee, of future results. Certain transactions may not be publicly announced at the time of distribution of this document and are therefore not included. Please view www.vistaequitypartners.com for additional information regarding Vista’s strategies and past and present investments.
The Newsletter may contain forward-looking statements (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts and are based on current expectations, estimates, projections, opinions and/or beliefs of Vista. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Actual events or results or actual performance of the relevant Fund (or any other entity referred to in the Newsletter) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements.
The 2022 Thought Leader Award is an annual award that was presented on 9/14/2022 by With. Intelligence. The 2022 M&A Leaders in DEI recognition is an annual recognition that was presented on 9/6/2022 by Mergers & Acquisitions.
Please see Disclosures at https://www.vistaequitypartners.com/disclosures/ for further information.
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PE PLATFORM INVESTMENT
1
PE ADD-ON Acquisitions
8
PE
MONETIZATIOn
1
VISTA CREDIT PARTNERS
MONETIZATION
1
Third Quarter Announced Transactions
VISTA CREDIT PARTNERS
monetization
1
Vista announced 11 transactions in the third quarter. Our Flagship Fund announced one platform investment with the take-private of Avalara and one monetization with the exit of our stake in Ping Identity via
its forthcoming acquisition. Across our Flagship, Foundation and Endeavor Funds we announced 8 total add-on acquisitions, and Vista Credit Partners announced a monetization for TCGplayer.
For the second year in a row, Vista was named a leader in diversity, equity and inclusion by Mergers and Acquisitions. The award recognized the milestone Vista reached earlier in the year as we achieved gender parity as a Firm. Bessie Watts, who helms our External Board Program, was also recognized for her work in promoting diversity across our portfolio boards.
Additionally, Christine Pastore, Managing Director on the Capital & Partner Solutions team, won this year’s Investor Relations Thought Leader Award at the 2022 Women’s GP Connect Summit. This award recognizes women trailblazers who are driving progress within their firms and the broader financial services industry.
Firm Recognitions
For over a decade, the Vista CXO Summit has gathered executive teams from across the portfolio to create meaningful connections that enable knowledge sharing and spark innovation. This year’s summit welcomed hundreds of attendees from our 85+ portfolio companies for three days of insightful programming and networking opportunities.
Watch highlights from the event here.
We recently held our 5th Annual Global Hackathon.
The global business innovation competition featured over 200 participants on 35 teams from 20 Vista portfolio companies spread across nearly 20 countries, making it Vista’s most geographically diverse hackathon to date. This year, participants cultivated product ideas around the theme “Powering the Human Enterprise,” thinking of new ways to address the world's most pressing challenges. Thank you to those who participated and congratulations to this year's winners
from across all categories: Advanced, BigTime, Finastra, IAS, iCIMS, LogicMonitor, Mindbody, Pluralsight, Power Factors, SmartBear, STATS Perform and Xactly.
Empowering Our Portfolio
Vista’s Founder, Chairman and CEO, Robert F. Smith, spoke with Patrick O’Shaughnessy, host of the Invest Like the Best podcast, to discuss Vista’s approach
to partnership and value creation and to share
his experience founding and leading the Firm.
Read the highlights from their conversation here.
In Case You Missed It
This document is intended to provide general information regarding Vista’s investing experience and not for the purpose of soliciting investors for any Vista Fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant Vista Fund. The information provided may not be reproduced or disseminated to any third parties without the written consent of Vista. The past performance of previous Vista Funds and portfolio companies is not necessarily indicative of future results. Investors in Vista Funds may lose investment capital. There can be no assurance that any future Vista Funds or portfolio companies will achieve comparable results. Additional important disclosures can be found here. ©2022 Vista
The content of this Newsletter is for general, informational purposes. Vista Equity Partners does not make any representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information contained herein. Under no circumstances should the information presented be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made pursuant to the current offering documents for the relevant Vista Fund (the “Fund”) which may only be provided to accredited investors and qualified purchasers as defined under the Securities Act of 1933 and the Investment Company Act of 1940. While the information provided herein is believed to be accurate and reliable, Vista Equity Partners, its advisors and employees make no express warranty as to its completeness or accuracy.
Although the Newsletter may include investment-related information, nothing in the Newsletter is a recommendation that you purchase, sell or hold any security or other investment, or that you should pursue any investment strategy, and no information or Content (as defined below) on the Newsletter is to be relied upon for the purpose of making or communicating investment or other decisions. Nothing in the Newsletter is intended to be, and you should not consider anything on the Newsletter to be investment, accounting, tax, legal or other professional advice.
The information provided in this Newsletter may not be reproduced, distributed or communicated, in whole or in part, to any third party without the express written consent of Vista Equity Partners.
This Newsletter includes information regarding Vista Equity Partners’ past and present portfolio companies. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to Vista Equity Partners’ past and present portfolio companies should not be construed as a recommendation of any particular investment or security. The portfolio companies listed should not be assumed to have been profitable. Any past performance information in the Newsletter is not necessarily indicative, or a guarantee, of future results. Certain transactions may not be publicly announced at the time of distribution of this document and are therefore not included. Please view www.vistaequitypartners.com for additional information regarding Vista’s strategies and past and present investments.
The Newsletter may contain forward-looking statements (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts and are based on current expectations, estimates, projections, opinions and/or beliefs of Vista. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Actual events or results or actual performance of the relevant Fund (or any other entity referred to in the Newsletter) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements.
The 2022 Thought Leader Award is an annual award that was presented on 9/14/2022 by With. Intelligence. The 2022 M&A Leaders in DEI recognition is an annual recognition that was presented on 9/6/2022 by Mergers & Acquisitions.
Please see Disclosures at https://www.vistaequitypartners.com/disclosures/ for further information.
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During the quarter, Vista remained disciplined across our investment strategies and sustained momentum with exit and investment activity. We also held several portfolio events, including our annual CXO Summit and 5th Annual Global Hackathon, both of which are fundamental
to our value creation efforts. Finally, we were pleased to receive
awards and recognition for our Firm’s DE&I commitment.
During the quarter, Vista remained disciplined across our investment strategies and sustained momentum with exit and investment activity. We also held several portfolio events, including our annual CXO Summit and 5th Annual Global Hackathon, both of which are fundamental
to our value creation efforts. Finally, we were pleased to receive awards and recognition
for our Firm’s DE&I commitment.
Vista’s Founder, Chairman and CEO, Robert F. Smith, spoke with Patrick O’Shaughnessy, host of the Invest Like the Best podcast, to discuss Vista’s approach to partnership and value creation and to share his experience founding and leading the Firm. Read the highlights from their conversation here.
In Case You Missed It
Michael Charlton recently joined Vista
as a Managing Director on our Capital & Partner Solutions team to spearhead fundraising efforts for our credit strategy. Based in New York, Mike brings over three decades of experience leading successful marketing and investor relations initiatives,
and we are pleased to welcome his expertise and deep industry knowledge.
David Flannery, President of Vista Credit Partners and Senior Managing Director, recently sat down for an interview with Pitchbook to discuss Vista’s FounderDirect program, broader trends in the credit markets and software-specific lending nuances.
Advancing Our
Credit Strategy
For the second year in a row, Vista was named
a leader in diversity, equity and inclusion
by Mergers and Acquisitions. The award recognized the milestone Vista reached earlier in the year as we achieved gender parity
as a Firm. Bessie Watts, who helms our External Board Program, was also recognized for her work in promoting diversity across
our portfolio boards.
Additionally, Christine Pastore, Managing Director on the Capital & Partner Solutions team, won this year’s Investor Relations Thought Leader Award at the 2022 Women’s GP Connect Summit. This award recognizes women trailblazers who are driving progress within their firms and the broader financial services industry.
Firm Recognitions