The Ledger
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Vista Equity Took $1B NAV Loan for Finastra Refinancing
“In a recently publicized NAV loan transaction, Vista Equity Partners took a one billion dollar NAV loan to complete a five billion dollar refinancing for portfolio company Finastra.”
Breach: Every Vista Portfolio Company Has Added GenAI Enhancements
“Every one of our companies has some generative AI enhancement to their core solution.”
Vista Equity Partners manages over $100B in AUM with 750 employees
“We're a little over a hundred billion of assets under management. We're one of the largest and most active investors in enterprise software. We're globally and with about maybe 750 employees currently.”
Lemkau, Robert Smith, and Mark McMorris launched Goldman's West Coast tech M&A
“It was a guy named Mark McMorris, who went on to go work at General Atlantic for a long time, and then Robert Smith, who eventually went on to go found Vista Equity, and me, the three of us went out there, all the same associate class, like three musketeers st…”
Vista Equity Partners completes approximately 50 to 60 deals per year
“The good news is we work on a lot of companies, probably do 50 deals, 50, 60 deals a year, so they have a lot of, like, completed, which means we're doing multiples of that in evaluation, and so our people have an opportunity to really become expert at underwr…”
Vista Equity Partners launched with a single captive investor, bypassing traditional fundraising
“They had just been around for a little bit, and they had one investor who provided all the capital. And so there wasn't fundraising involved. They actually had captive sources of money, which I thought was always a good thing.”