Vista Equity Partners Ranked #1 Global Private Equity Firm
(Financial News) -- Vista Equity Partners, the US-based buyout firm set up by two former Goldman Sachs technology bankers, has been named as the world’s top performing private equity firm, according to an annual ranking conducted by Professor Oliver Gottschalg of HEC Business School in Paris.
The Austin, Texas-based firm, which primarily invests in US software businesses, has taken the top spot for the first time in the 2014 HEC-Dow Jones Private Equity Performance Ranking.
The methodology used by Gottschalg calculates the aggregate performance of a firm based on different performance measures for funds managed by each firm, which include a fund’s internal rate of return, its distribution to paid-in capital and its total value to paid-in capital. The method is able to aggregate performance across vintage years and considers relative and absolute returns.
The study gathered data on 329 firms and the 558 funds they raised between 2000 and 2009. From this starting sample, firms that raised at least $1 billion across two or more funds between 2001 and 2010 were surveyed. The primary database was provided by DJX Dow Jones – a subsidiary of Dow Jones, the parent company of Financial News.
Vista has performed remarkably well since it was founded in 2000 by Robert Smith and Brian Sheth, who met while working together in Goldman Sachs’ West Coast technology investment banking team.
Vista Equity Fund III, the firm’s 2007 vintage boom era fund, was delivering a net multiple on invested capital of 2.4 times cost and a net IRR of 29.8% as of June 2014, according to Palico, an online private equity marketplace...
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Robert F. Smith, Founder and CEO of Vista Equity Partners, one of the world's leading private equity firms, founded Project Realize in the Fall of 2010. Vista Equity Partners has delivered outstanding investment results to its investors for over ten years.Continue Reading