Vista Equity Partners has announced its latest flagship credit fund, Vista Credit Partners Fund III, has closed at $2.3 billion.
The closing exceeded the fund's original $1.5 billion fundraising target, a news release said Monday.
The new fund seeks opportunities in markets including "non-sponsored lending, private credit, syndicated credit and opportunistic secondary market investing, and provides financing to enterprise software businesses ranging from growing founder-owned companies to mature private equity buyouts," according to the news release.
Investors in the latest fund include the $268.3 billion New York State Common Retirement Fund, Albany; the $148.8 billion State of Wisconsin Investment Board, Madison; the $54.7 billion Illinois Municipal Retirement Fund, Oak Brook; the $15.8 billion New Mexico Educational Retirement Board, Santa Fe; and the $3.3 billion Baltimore City Fire & Police Employees' Retirement System.
Brian Steel, Vista Equity Partners spokesman, could not immediately provide further information.