Billionaire Robert Smith’s Vista Raises $850 Million, Doubling Down On Its Commitment To Small Software Buyouts
Summary
Billionaires Robert Smith and Brian Sheth, cofounders of Vista Equity Partners, are in the midst of raising a mammoth $16 billion software buyout fund that could usher in deals the likes of which the sector has never seen before. Put differently, small and heavy growth software companies are alluring enough that Vista, which now has over $50 billion in cumulative capital commitments, isn’t ceding the space to its growing stable of competitors on Wall Street. This consulting effort has been a critical piece of the Vista investing style for nearly two decades, and the firm considers it a major differentiator as the competition flocks to software and chases the sectors alluring returns. Last week, Brian Sheth, alongside actor Leonardo DiCaprio and philanthropist Laurene Powell Jobs, launched the Earth Alliance, an effort aimed at addressing global climate change. Vista Equity Billionaire Brian Sheth Is The Biggest Dealmaker In Software Robert Smiths Road To Paying Off Morehouse Graduates Loans Started With His Own Commencement Speaker