Vista Equity Partners Fund VIII, L.P. Recommendation Report
Hamilton Lane
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The General Partner has made significant efforts to incorporate ESG-related initiatives into its organization as well as its portfolio
companies, and has hired Kirk Hourdajian as Head of ESG and Khalida Ali as Director of Diversity & Inclusion to lead these efforts
In July 2021, Vista became one of the first North American-based private equity firms to join the Net Zero Asset Managers Initiative,
through which it is committed to emitting net zero greenhouse gas emissions across its investments by 2050 and reducing its emissions
by 50% by 2030
• Along with this initiative, the General Partner announced that 100% of its majority-owned portfolio companies had committed to
annually measuring their carbon footprint; as part of this program, Vista provides access to a software measurement tool that will allow
portfolio companies to accurately track greenhouse gas emissions and help identify opportunities for reduction and goal setting
With regard to diversity & inclusion, Vista has partnered with several programs, including Vista Frontiers Fellows Program, Girls Who
Invest, Code.org, Scratch, Thirty Percent Coalition, Seizing Every Opportunity, Management Leadership for Tomorrow, Out for
Undergrad, JumpStart Advisory Group and The Robert Toigo Foundation to increase efforts both within its organization as well as at
portfolio companies
In 2020, the General Partner introduced its "Conscious Inclusion" internally, where employees participate in a three-part learning journey on
DE&I
ESG Policy
ESG-Dedicated
Professionals
Signatories
Environmental Focus
Diversity
Yes
Yes, 1 Head of ESG and 1 Director of Diversity and
Inclusion
Yes, signatory to PRI; commits to UNGC, GIIN, ILPA
and SASB
Environmental, Social, & Governance
Yes, signatory to Net Zero Asset Managers
Initiative
9% female and 91% male across flagship decision-
making group
55% minority and 45% majority across flagship
decision-making group
24% female and 76% male across flagship
investment team
31% minority and 69% majority across flagship
investment team
November 2022 | Proprietary and Confidential
ESG in due diligence
process
Integration in
decision-making
ESG focus - planning
Monitoring
Reporting
Requirements of
portfolio companies
No third party ESG DD for investments but is a
consideration internally
IC memos and diligence include ESG considerations
ESG is always included in strategic planning
Monitors KPIs including GHG measurement, the
existence of an ESG team and policy and board
engagement at portfolio companies
Carbon Footprint Report and ESG Portfolio Company
Assessment
In 2021, Vista set a portfolio-wide goal to have each
majority-held portfolio company publish an ESG
policy by Q1 2022
Executive Summary | General Partner | Investment Strategy | Track Record | ESG | Appendices
Vista Equity Partners Fund VIII, L.P. | Page 21View entire presentation