Vista Equity Partners closed its largest private equity fund, Vista Equity Partners Fund V, at $5.78 billion, said a news release from the money manager.
The middle-market buyout fund focuses on software and technology companies.A predecessor fund, Vista Equity Partners Fund IV, closed at $3.5 billion in May 2012.
Investors in Vista Equity Partners Fund V include the $50.6 billion Alaska Permanent Fund Corp., Juneau; $66 billion Virginia Retirement System, Richmond; $60.2 billion Michigan Retirement System, Lansing; $30.3 billion Indiana Public Retirement System, Indianapolis; $23 billion Texas County & District Retirement System, Austin; and $7.9 billion Arizona Public Safety Personnel Retirement System, Phoenix.
Christine Pastore, Vista senior vice president of investor relations, could not immediately be reached for additional information by press time.
