Vista Equity Partners Raises $5.775 Billion Fund

Austin-based private equity investor Vista Equity Partners said today that it has completed fundraising for its latest fund, Vista Equity Partners Fund V, at $5.775 billion. The firm said that the fund was "substantially" oversubscribed. The new fund brings the total managed by Vista Equity to over $14 billion. The company said it will continue to target the enterprise software space with the new fund, which it is largest to date. Vista Equity is the owner of such companies as Accruent, Active Network, Lanyon, Dealersocket, Greenway, Omnitracs, Websense, PeopleAdmin, and many others.