2010–2019
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 his departure in 2020. [13] [14]
In 2011, the company opened an office in Austin, Texas. [11] Since then, Vista has added several private equity and credit funds to its portfolio, [15] [16] [17] including its first credit fund, the Vista Credit Opportunities Fund, which raised $196 million. [18] [19] In September 2019, Vista Equity Partners raised $16 billion for their flagship fund, which was the largest technology-focused fund raised by an independent private equity firm at the time. [20] [21] During that time, Vista opened several funds that specifically targeted middle-market companies [22] and emerging technology companies. [23] The company also has a permanent capital investment fund, Vista Equity Partners Perennial, which focuses on growing vertical market software companies. [24] [25]
2020–present
In October 2020, Vista's CEO Robert F. Smith and investor Robert T. Brockman were named in a tax evasion case. [26] [27] That month, Smith signed a non-prosecution agreement with the IRS, agreeing to pay $139 million and testify against Brockman. [26]
As of June 2021, Vista had more than $81 billion in assets under management. [28] In August 2021, its chief operating officer David Breach was announced as president of Vista. [29]
In January 2022, it was announced that Citrix Systems had been acquired in a $16.5 billion deal by affiliates of Vista and Evergreen Coast Capital. The all-cash acquisition saw Citrix merge with TIBCO, a Vista portfolio company. [30]
In February 2022, the company expanded overseas with the addition of a new office in Hong Kong staffed by Dawan Koo, who was a former director at credit specialist company Värde Partners. [9] [10]
In August 2022, Vista agreed to acquire tax automation software platform maker Avalara, Inc. for $8.4 billion including debt. [31]
As of August 2023, Vista Equity Partners had over $100 billion in assets under management. [32]
In October 2023, Vista, along with Blackstone acquired Energy Exemplar, an Australian energy software company for approximately $1.6 billion. [33]
In November 2023, Vista launched Vista Credit Strategic Lending, a company providing access to investment opportunities across the spectrum of enterprise software, data and technology-enabled credit. [34]
Also in 2023, Vista was named Global Technology Private Equity Firm of the Year by Private Equity International. [35]
In June 2025, the company was ranked 20th in Private Equity International's PEI 300 ranking of the largest private equity firms in the world. [36]
In July 2025, the company sold it's minority stake in Cvent to Blackstone in a deal valued at $1.3 billion. [37]
In August 2025, Vista acquired Acumatica, a cloud-based ERP software company, for $2 billion, to further streamline operations. [38]
