Vista Equity bags Cathay Life commitment as it eyes $5.75bn Fund V hard cap

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dollars money capital cashUS venture capital giant Vista Equity Partners has picked up a commitment from Taiwan’s Cathay Life Insurance towards its latest multibillion-dollar fund.

The company has pledged $20m to Vista’s Fund V according to a filing with the Taiwan stock exchange.

Vista has already passed its $3.5bn target by holding a $3.8bn first close in April, and is now eyeing its $5.75bn hard cap for the fund.

Other backers include the New Jersey Division of Investment, which committed $200m, and the Texas County and District Retirement System, which agreed to part with up to $75m.

Vista closed its previous fund on $3.5bn in 2012, four years after it raised $1.8bn for its third fund.

Earlier today it emerged that Vista had bought strategic data business AGDATA from Analytical tools-focused private equity firm SFW Capital Partners.

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