RHC Pipeline Report v19.27

RHC REPORT HIGHLIGHT

Billionaires Robert Smith and Brian Sheth, cofounders of Vista Equity Partners, are in the midst of raising a mammoth $16 billion software buyout fund that could usher in deals the likes of which the sector has never seen before. Even as Vista continues to grow its assets dramatically, the software-focused private equity giant isn’t leaving behind the small, high-growth companies that have been critical to its success.

On Thursday morning Vista completed a $850 million fundraise for its Endeavor Fund II, a private equity pool aimed at buying fast-growing enterprise software companies with between $10 million and $30 million in annual recurring revenue and growing them into businesses many multiples of that size. These deals are often done with checks of between $30 million and $100 million, a fraction of the multibillion-dollar buyouts that have made Vista a highly followed force in the world of private equity, but they offer returns that are on par or better than the bigger fish and help it remain expert in the emerging trends and companies in the massive and ever-growing software industry.

Read more:  https://www.forbes.com/sites/antoinegara/2019/07/11/robert-smith-brian-sheth-vista-equity-software-buyouts/#3e053f9b4d81

RHC PIPELINE REPORT

  • 42CAP, a Munich, Germany based seed stage venture capital firm focused on investing B2B software startups, closed its second fund, at €50m
  • e.ventures, a San Francisco and Berlin, Germany-based tech-enabled venture capital firm, announced $400M in new capital across two early stage funds
  • Maniv Mobility, a Tel Aviv, Israel-based mobility venture capital firm, closed its second fund, at $100M
  • Flexpoint Ford, LLC, a Chicago, IL-based private equity investment firm specializing in the financial services and healthcare industries, held the first and final closing of two funds, at $2.0 billion
  • YL Ventures, a San Francisco, CA and Tel Aviv, Israel-based venture capital firm specializing in seed-stage investing in Israeli cybersecurity startups, closed its fourth fund, at $120m
  • Vice Ventures, a Brooklyn, New York-based seed-stage venture capital fund investing in good companies operating in “bad” industries, has started activity
  • YPF, an Argentinian energy company with $15B in revenue and 21 thousand employees, has launched YPF Ventures, a corporate venture capital fund that will expand the company’s reach into emerging energy businesses
  • Great Hill Partners, a Boston, MA-based growth-oriented private equity firm, closed its seventh fund, at $2.5 billion
  • Adara Ventures, a venture capital firm based in Luxembourg, completed the first closing of its third fund, with commitments in excess of €65m
  • AV Group Ltd., an asset manager with offices in New York, Cayman Islands, Norway and Singapore with a focus on growing Norwegian based ESG and Impact companies globally, has just launched two funds
  • Vista Equity Partners, an investment firm focused on enterprise software, data, and technology-enabled businesses, closed a second fund, at $850m

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

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