Newest Vista Equity credit fund raises $2.3bn

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.

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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

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