November Review
Vista is a leading global investment firm with more than $100 billion in assets under management as of June 30, 2024. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.
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Legal Information +
LogicMonitor, a leading SaaS-based hybrid observability platform in Vista’s Foundation portfolio, announced an $800 million investment from new and existing investors, valuing the business at nearly $2.4 billion. This investment will enable LogicMonitor to accelerate platform expansion opportunities, broaden its global footprint and expand into new verticals. Watch LogicMonitor CEO Christina Kosmowski on CNBC here, where she discusses the deal and shares how generative AI is creating increased demand for data centers, which rely on LogicMonitor to drive efficiency and reliability.
Investing in Enterprise Software
This document is intended to provide general information regarding Vista’s investing experience and not for the purpose of soliciting investors for any Vista Fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant Vista Fund. The information provided may not be reproduced or disseminated to any third parties without the written consent of Vista. The past performance of previous Vista Funds and portfolio companies is not necessarily indicative of future results. Investors in Vista Funds may lose investment capital. There can be no assurance that any future Vista Funds or portfolio companies will achieve comparable results. Additional important disclosures can be found here. ©2024 Vista
The content of this Newsletter is for general, informational purposes. Vista Equity Partners does not make any representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information contained herein. Under no circumstances should the information presented be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made pursuant to the current offering documents for the relevant Vista Fund (the “Fund”) which may only be provided to accredited investors and qualified purchasers as defined under the Securities Act of 1933 and the Investment Company Act of 1940. While the information provided herein is believed to be accurate and reliable, Vista Equity Partners, its advisors and employees make no express warranty as to its completeness or accuracy.
Although the Newsletter may include investment-related information, nothing in the Newsletter is a recommendation that you purchase, sell or hold any security or other investment, or that you should pursue any investment strategy, and no information or Content (as defined below) on the Newsletter is to be relied upon for the purpose of making or communicating investment or other decisions. Nothing in the Newsletter is intended to be, and you should not consider anything on the Newsletter to be investment, accounting, tax, legal or other professional advice.
The information provided in this Newsletter may not be reproduced, distributed or communicated, in whole or in part, to any third party without the express written consent of Vista Equity Partners.
This Newsletter includes information regarding Vista Equity Partners’ past and present portfolio companies. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to Vista Equity Partners’ past and present portfolio companies should not be construed as a recommendation of any particular investment or security. The portfolio companies listed should not be assumed to have been profitable. Any past performance information in the Newsletter is not necessarily indicative, or a guarantee, of future results. Certain transactions may not be publicly announced at the time of distribution of this document and are therefore not included. Please view www.vistaequitypartners.com for additional information regarding Vista’s strategies and past and present investments.
The Newsletter may contain forward-looking statements (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts and are based on current expectations, estimates, projections, opinions and/or beliefs of Vista. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Actual events or results or actual performance of the relevant Fund (or any other entity referred to in the Newsletter) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements.
Please see Disclosures at vistaequitypartners.com/disclosures/ for further information.
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Patrick Severson, Senior Managing Director and Co-Head of the Foundation Fund
Over the course of our partnership, LogicMonitor has broadened its solution suite from infrastructure performance monitoring to true hybrid observability and built a global customer and employee base. We're excited to continue supporting the company in this exciting next chapter."
"
november 2024 Announced TransactionS
An Ecosystem of Opportunity
Vista recently hosted our annual CXO Summit, gathering more than 500 leaders from across our portfolio to network, learn and share best practices. Attendees heard from Vista executives, industry experts and portfolio pacesetters on critical topics like maximizing enterprise value and capitalizing on generative AI. By cascading knowledge and sharing best practices across our 90+ portfolio companies, we believe we can accelerate innovation and create long-term value.
Vista Credit Partners was named to GrowthCap’s list of the Top Private Debt Firms of 2024. This award recognizes capital providers based on their approach to partnership, the breadth of their financing solutions and their track record of success. Click here to read more about how Vista’s non-sponsor FounderDirect channel offers less-dilutive strategic financing solutions to later-stage, founder-driven enterprise software companies.
Industry Excellence
add-on
Foundation
Fund
In November, Vista announced a monetization event for LogicMonitor along with multiple add-on acquisitions across our private equity strategies. Additionally, Vista Credit Partners was recognized by GrowthCap as a Top Private Debt Firm of 2024.
Partial Monetization
Foundation
Fund
In Case You Missed It
Ashley MacNeill, Managing Director and Head of Equity Capital Markets, appeared on CNBC to discuss the strong performance of public software companies over the past six months. She also shared her thoughts on a more robust IPO market and increased deal activity as we move into 2025. Watch the full interview here.
add-on
Foundation
Fund
Add-On
Endeavor
Fund
Founders and business leaders demand flexible financing solutions that fit their individual growth needs, and they know the best place to find this flexibility is through working with a partner who understands the fundamental growth drivers of their business.”
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David Flannery, Senior Managing Director and President of Vista Credit Partners
In Case You Missed It
Vista’s Founder, Chairman and CEO, Robert F. Smith, delivered a keynote presentation at the 2024 CAIS Alternative Investment Summit, where he shared why Vista believes generative AI is creating a generational investment opportunity and that significant value capture will accrue to the software application layer.
Martin Taylor, Senior Managing Director and Co-Head of the Foundation Fund, and Greg Galligan, Senior Managing Director and CEO of Vista Credit Strategic Lending, were also featured at the event, participating in a fireside chat on the dynamics in the private markets and the factors driving founders to seek new sources of capital from operationally minded partners.
Vista recently released our responsibility report, “Roadmap to Resilience,” which shares our belief that strategic ESG and DE&I initiatives can be drivers of business value and mitigate risk in our firm and across our portfolio. By prioritizing initiatives that enable effective governance, foster an inclusive workforce and manage our climate impact, we believe that we can protect and drive revenue, improve employee retention and reduce operating expenses. Read the full report here.
Responsibility Report
Industry Excellence
Vista was once again named to Inc.’s annual list of Founder Friendly Investors, marking our fifth consecutive year honored in the private equity category and our second year included in the lender category. Through Vista’s private equity strategy, more than 70% of investments since 2019 have been founder-influenced, and 90% of these founders are still involved in the company in some capacity. Our credit business is equally focused on partnering with founders and management teams through our FounderDirect platform, a direct lending channel that offers less-dilutive financing solutions to later-stage, founder-driven enterprise software companies. Read more about Vista’s commitment to backing leading founders here.
OCTOBER 2024
ANNOUNCED TRANSACTIONS
David Flannery, Senior Managing Director and President of
Vista Credit Partners
As a credit platform that specializes in providing scaled solutions to leading enterprise software businesses, we are pleased to
help capitalize this exciting next phase of Zinnia’s growth."
"
Vista Credit Partners announced a strategic growth investment in Zinnia, a leading life and annuity insurance technology company. Zinnia’s solutions power more than 50% of the digital annuity volume in the U.S., and Vista’s investment will enhance Zinnia’s go-to-market engine as the business looks to build on its strong track record of growth and execution.
Investing in
Enterprise Software
November RevieW
In October, Vista announced a growth investment through our Credit platform along with several strategic add-on acquisitions across our private equity strategies. We were also named to Inc.’s 2024 Founder Friendly Investors list and shared our latest responsibility report with the market.
Vista is a leading global investment firm with more than $100 billion in assets under management as of June 30, 2024. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.
Legal Information +
This document is intended to provide general information regarding Vista’s investing experience and not for the purpose of soliciting investors for any Vista Fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant Vista Fund. The information provided may not be reproduced or disseminated to any third parties without the written consent of Vista. The past performance of previous Vista Funds and portfolio companies is not necessarily indicative of future results. Investors in Vista Funds may lose investment capital. There can be no assurance that any future Vista Funds or portfolio companies will achieve comparable results. Additional important disclosures can be found here. ©2024 Vista
The content of this Newsletter is for general, informational purposes. Vista Equity Partners does not make any representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information contained herein. Under no circumstances should the information presented be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made pursuant to the current offering documents for the relevant Vista Fund (the “Fund”) which may only be provided to accredited investors and qualified purchasers as defined under the Securities Act of 1933 and the Investment Company Act of 1940. While the information provided herein is believed to be accurate and reliable, Vista Equity Partners, its advisors and employees make no express warranty as to its completeness or accuracy.
Although the Newsletter may include investment-related information, nothing in the Newsletter is a recommendation that you purchase, sell or hold any security or other investment, or that you should pursue any investment strategy, and no information or Content (as defined below) on the Newsletter is to be relied upon for the purpose of making or communicating investment or other decisions. Nothing in the Newsletter is intended to be, and you should not consider anything on the Newsletter to be investment, accounting, tax, legal or other professional advice.
The information provided in this Newsletter may not be reproduced, distributed or communicated, in whole or in part, to any third party without the express written consent of Vista Equity Partners.
This Newsletter includes information regarding Vista Equity Partners’ past and present portfolio companies. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to Vista Equity Partners’ past and present portfolio companies should not be construed as a recommendation of any particular investment or security. The portfolio companies listed should not be assumed to have been profitable. Any past performance information in the Newsletter is not necessarily indicative, or a guarantee, of future results. Certain transactions may not be publicly announced at the time of distribution of this document and are therefore not included. Please view www.vistaequitypartners.com for additional information regarding Vista’s strategies and past and present investments.
The Newsletter may contain forward-looking statements (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts and are based on current expectations, estimates, projections, opinions and/or beliefs of Vista. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Actual events or results or actual performance of the relevant Fund (or any other entity referred to in the Newsletter) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements.
Please see Disclosures at vistaequitypartners.com/disclosures/ for further information.
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