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Vista Equity Partners closes $1.3B fund for software investments

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Published November 4, 2008 at 3:37 PM


vistaequity.jpgLending credence to recent reports showing that limited partners are still anteing up their money despite the economy, Vista Equity Partners Tuesday said it has closed its Vista Equity Partners Fund III with about $1.3 billion in capital commitments from pension funds, corporate investors, funds-of-funds and high-net-worth individuals.

The firm, which focuses on midmarket enterprise software businesses, said it found that in spite of the current economic crisis, investor interest remained strong for "experienced investment teams with differentiated approaches and proven strategies."

Some of Vista's software investments include SER Solutions and the Cyborg payment software business, which previously had been a unit of Hewitt Associates Inc. The recently closed Vista Equity Partners Fund III has already invested in three companies, including Sunquest Information Systems. - Andrea Orr

See Nov. 4 statement on latest software fund from Vista Equity Partners
See Oct. 7 post on private capital fundraising from Dealscape

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