Vista Credit Partners has hit a $2.3bn final close for Vista Credit Partners Fund III, beating its original $1.5bn target.
Vista Credit Partners is the strategic credit investor within private equity major Vista Equity Partners which focuses on the enterprise software, data and technology markets. The firm provides non-sponsored lending, private credit, syndicated credit and opportunistic secondary market investing, and provides financing to enterprise software businesses.
David Flannery, president of Vista Credit Partners, said, “As great companies remain private longer and equity dilution continues to be a pinch point, our team is focused on working with the best software and technology companies as a credit-focused capital solutions provider and value-added partner for growth.
“Our capital supports the founders, owners and management of a wide range of software and technology companies, as we bring bespoke solutions designed to enable companies and their founders to expand their business and fulfil their potential, often with less dilution to their equity.”
Vista Credit Partners manages over $5.2bn in assets and has deployed more than $7.6bn in 415 transactions.
Last week Vista agreed a £1.1bn buyout of UK-based robotic process automation software specialist Blue Prism.
Vista raised $16bn for Vista Equity Partners Fund VII in 2019.
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