Vista Equity Partners Fund VIII, L.P. Recommendation Report
Net Performance and Benchmarks
Hamilton Lane
($mm)
Fund
Fund III
Fund IV
Fund V
Fund VI
Fund VII
Total
●
Vintage Fund Size % Drawn² DPI
2007
2011
Vista Equity Partners Management, LLC
Prior Investment Performance¹
As of 6/30/22
2014
2016
2019
$1,287
3,467
6,007
11,095
17,077
Fundraise Update
107%
101%
122%
122%
73%
First close held in April 2022
Potential for final close H2 2022
2.4x
1.3x
1.1x
0.8x
0.0x
0.7x
November 2022 | Proprietary and Confidential
TVPI
2.4x
2.0x
2.2x
1.9x
1.4x
1.8x
Net
IRR
27.0%
14.7%
20.2%
20.0%
17.4%
19.8%
Quarters
to Break
J-Curve
5
5
6
2
6
HL Benchmark
North American Buyout
As of 6/30/22
Spread vs. Top-Quartile
DPI
Executive Summary (cont.)
0.3x
-0.8x
-0.5x
-0.3x
-0.3x
TVPI
0.3x
-0.3x
0.0x
-0.2x
-0.3x
Net
IRR
+1139 bps
-694 bps
-421 bps
-649 bps
-2203 bps
PME Benchmark
S&P 500 TR
As of 6/30/22
Spread
vs. PME
+1695 bps
+49 bps
+669 bps
+438 bps
+50 bps
+541 bps
J-Curve Benchmark
1 Capital Drawn, Capital Distributed and NAV are calculated from the cash flows of fee-paying limited partners and exclude any cash flows from the General Partner's commitment
2 Percent drawn provided by the General Partner
Executive Summary | General Partner | Investment Strategy | Track Record | ESG | Appendices
Buyout
As of 6/30/22
Comparison to
Peers (quarters)
9 earlier
3 earlier
Equal
4 earlier
1 later
Vista Equity Partners Fund VIII, L.P. | Page 4View entire presentation