Vista Equity Partners Fund VIII, L.P. Recommendation Report
●
The General Partner focuses exclusively on enterprise software, data and technology-enabled solutions companies, investing
across a variety of vertical end markets
Through its flagship funds, Vista expects to target upper middle-market and large cap businesses, typically with enterprise values
between $750 million and $10 billion
The General Partner seeks companies with mission-critical solutions, strong customer and revenue retention, high levels of
recurring revenue, established and diversified customer bases, defensible competitive positioning and high free cash flow
Prior Investments - # by Enterprise Value at Entry¹
As of 6/30/22
100%
90%
80%
70%
60%
50%
40%
Hamilton Lane
30%
20%
10%
0%
33%
67%
Fund III
■<$500mm
36%
7%
7%
21%
29%
Fund IV
29%
6%
6%
6%
18%
18%
18%
Fund V
■ $500mm - $1.0bn
13%
13%
4%
November 2022 | Proprietary and Confidential
22%
9%
30%
9%
Fund VI
33%
23%
7%
7%
20%
10%
Fund VII
$1.0bn - $1.5bn
28%
13%
4%
8%
13%
17%
18%
Aggregate
1 "n/a" represents investments for which enterprise value at entry attribution was not provided.
Gross Mult.
Realized Performance - by Enterprise Value at Entry¹
As of 6/30/22
6.0x
5.0x
4.0x
3.0x
2.0x
Investment Strategy (cont.)
1.0x
0.0x
$1.5bn - $2.0bn
$1,666.2 mm
$2,183.6 mm
$2.0bn-$2.5bn
$1,641.8 mm
Invested Capital ($mm)
■>$2.5bn
Executive Summary | General Partner | Investment Strategy | Track Record | ESG | Appendices
$1,914.7 mm
■n/a
$363.0 mm<
$590.0 mm
$216.7 mm
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
-10%
-20%
◆ Gross IRR
Gross IRR
Vista Equity Partners Fund VIII, L.P. | Page 15View entire presentation