Vista Credit Partners, a strategic credit investor and financing partner focused on the enterprise software, data and technology markets within Vista Equity Partners, has closed Vista Credit Partners Fund III, the latest iteration of its flagship credit fund family. VCPF III closed at $2.3 billion, $800 million in excess of its original $1.5 billion target, with capital commitments from a group of limited partners including U.S. public pension funds, sovereign wealth funds, multinational corporations, insurance companies, funds of funds, endowments, foundations, family offices and other investors.
As a sector-focused strategic partner and capital provider, VCP provides financing to enterprise software businesses ranging from growing founder-owned companies to mature private equity buyouts.
“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,” said David Flannery, president of Vista Credit Partners. “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 fulfill their potential, often with less dilution to their equity.”
Kirkland & Ellis served as legal advisor for the funds.