Vista Equity Partners Fund VIII, L.P. Recommendation Report
Hamilton Lane
Investment Thesis
Experienced investment team led by
well-tenured Co-Heads with support from
a robust broader organization
Longstanding focus on the enterprise
software sector contributes to sourcing,
diligence and value-add capabilities
Consistent performance across prior
funds with strong capital preservation
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November 2022 | Proprietary and Confidential
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Executive Summary (cont.)
The General Partner has established a strong team of investment and operating
professionals who are fully dedicated to the flagship fund
The flagship investment team is led by Co-Heads Michael Fosnaugh and Monti Saroya,
who have grown internally within the organization since joining at the junior level
The dedicated team benefits from access to vast broader resources that are shared
across the organization, including a robust operating and in-house consulting group
and a growing team of junior professionals who work across strategies
Vista maintains an exclusive focus on enterprise software and manages a variety of
product lines across the sector, ensuring comprehensive coverage and expertise
regarding trends in the space
The General Partner's longstanding focus has allowed it to establish a reputable
brand and strong sourcing networks that drive attractive inbound deal flow
Post-investment, Vista employs a repeatable value creation playbook, implementing
a set of best practices that focus on value-add initiatives across functional areas
The General Partner has delivered consistent, top-half and near top-half
performance on a net IRR basis across mature funds, with recent funds tracking
well and continuing to develop
Vista has demonstrated strong capital preservation and an underlying focus on
downside protection
Executive Summary | General Partner | Investment Strategy | Track Record | ESG | Appendices
Vista Equity Partners Fund VIII, L.P. | Page 6View entire presentation