Vista Equity Partners has announced its latest flagship credit fund, Vista Credit Partners Fund III, has closed at $2.3bn.
The closing exceeded the fund’s original $1.5bn fundraising target, a news release said Monday.
The new fund seeks opportunities in markets including “non-sponsored lending, private credit, syndicated credit and opportunistic secondary market investing, and provides financing to enterprise software businesses ranging from growing founder-owned companies to mature private equity buyouts,” according to the news release.
Free Webinar: Scaling up – Embarking on Digital Transformation in Private Equity
- How data analytics can create efficiencies within Private Equity
- The most beneficial ways for firms to digitise and what major risks that are involved
- How will digitisation affect the future of Private Equity
Investors in the latest fund include the $268.3bn New York State Common Retirement Fund, Albany; the $148.8bn State of Wisconsin Investment Board, Madison; the $54.7bn Illinois Municipal Retirement Fund, Oak Brook; the $15.8bn New Mexico Educational Retirement Board, Santa Fe; and the $3.3bn Baltimore City Fire & Police Employees’ Retirement System.
Brian Steel, Vista Equity Partners spokesman, could not immediately provide further information.
Source: Pensions & Investments
Can’t stop reading? Read more
Top private equity news of the week
Top private equity news of the week Soho House, the global private members’ club and hotel group,...
Audax turns to Blackstone as Justrite seeks $700m private credit lifeline
Audax turns to Blackstone as Justrite seeks $700m private credit lifeline Audax Private Equity is...
Mitsubishi takes stake in RRJ-backed Fullerton Health to fuel Southeast Asia growth
Mitsubishi takes stake in RRJ-backed Fullerton Health to fuel Southeast Asia growth Mitsubishi...