Vista Equity Partners

Last updated

Vista Equity Partners Management, LLC
Company type Private
Industry Private credit [1]
Founded2000;25 years ago (2000)
Founder Robert F. Smith [2]
Headquarters
Austin, Texas
,
US
Number of locations
5
Key people
David Breach (president)
AUM US$100.1 billion (2025) [3]
Number of employees
700 (2025) [4]
Website vistaequitypartners.com

Vista Equity Partners Management, LLC (Vista) is an American private equity firm that invests in software businesses [2] and manages over $100 billion in assets. [5]

Contents

History

Vista Equity Partners was founded in 2000 by American businessman Robert F. Smith, who is chairman and CEO. [2]

In 2010, Brian N. Sheth was promoted to president and awarded the title of co-founder of the firm. He remained in this role until in 2020. [6] [7]

In 2011, the company opened an office in Austin, Texas. [2] Since then, Vista has added several private equity and credit funds to its portfolio. [8] [9]

In October 2020, Vista's CEO Robert F. Smith and investor Robert T. Brockman were named in a tax evasion case. [10] [11] That month, Smith signed a non-prosecution agreement with the IRS, agreeing to pay $139 million and testify against Brockman. [10]

In August 2021, its chief operating officer David Breach was announced as president of Vista. [12]

In August 2022, the company agreed to acquire tax automation software platform maker Avalara, Inc. for $8.4 billion including debt. [13]

In October 2023, Vista, along with Blackstone acquired Energy Exemplar, an Australian energy software company for approximately $1.6 billion. [14]

In July 2025, the company sold its minority stake in Cvent to Blackstone in a deal valued at $1.3 billion. [15]

References

  1. ↑ "Vista Credit Partners on why the golden era of private credit is not over yet". Private Debt Investor. PEI Group. September 2, 2024. Retrieved July 16, 2025.
  2. 1 2 3 4 Vardi, Nathan (March 6, 2018). "Richer Than Oprah: How The Nation's Wealthiest African-American Conquered Tech And Wall Street". Forbes. Retrieved July 2, 2025.
  3. ↑ "Vista Equity Partners Management LLC - Assets, Funds, Holdings". July 3, 2025.
  4. ↑ "About - Vista Equity Partners" . Retrieved September 5, 2025.
  5. ↑ Primack, Dan (September 25, 2023). "Vista Equity tops $100 billion in AUM, as tech deals reignite". Axios. Axios Media Inc. Retrieved July 2, 2025.
  6. ↑ "Brian N Sheth, Vista Equity Partners: Profile and Biography". Bloomberg.com. Retrieved September 6, 2020.
  7. ↑ "Vista Equity Partners Announces Departure of President Brian N. Sheth". www.yahoo.com. Retrieved September 28, 2021.
  8. ↑ Cooper, Laura (September 5, 2019). "WSJ News Exclusive: Vista Equity Raises $16 Billion for Latest Tech Buyout Fund". The Wall Street Journal. Dow Jones & Company. Retrieved July 2, 2025.
  9. ↑ Cooper, Laura (May 2, 2017). "Vista Equity Doubles Down on Debt With Second Credit Fund". Wall Street Journal. ISSN   0099-9660 . Retrieved July 21, 2020.
  10. 1 2 "How Billionaire Robert Smith Avoided Indictment in a Multimillion-Dollar Tax Case". www.bloomberg.com. February 3, 2021. Retrieved December 7, 2021.
  11. ↑ Michaels, Miriam Gottfried and Dave (October 14, 2020). "WSJ News Exclusive | Vista Equity's Robert Smith Reaches Settlement With DOJ in Tax Probe". Wall Street Journal. ISSN   0099-9660 . Retrieved December 7, 2021.
  12. ↑ Stafford, Brian (August 3, 2021). "Vista Equity Partners Appoints David A. Breach President". Private Equity International. PEI Media. Retrieved July 2, 2025.
  13. ↑ Nishant, Niket; Hu, Krystal (August 8, 2022). "Avalara to go private in $8.4 bln deal with Vista with direct lenders' help". Reuters .
  14. ↑ Sen, Anirban (October 31, 2023). "Blackstone, Vista Equity to buy software firm Energy Exemplar". Reuters. Retrieved November 1, 2023.
  15. ↑ Gould, Ryan (July 2, 2025). "Blackstone Buys Rest of Cvent From Vista in $1.3 Billion Deal".
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