Robert F. Smith’s Vista Equity Partners has raised over $20 billion for its latest fund, making it the largest in its history. This new fund, known as the eighth flagship fund, passes the previous record of $17 billion raised in 2019. Embracing AI for Strategic Growth Vista Equity Partners, known for its investments in technology companies, will leverage AI to improve efficiency and performance across the firm and its portfolio companies. “You will also hear more about how we have adopted generative artificial intelligence not just as a tool but as
Today, Robert F. Smith announced that Vista Equity Partners, his market investment firm, has surpassed $100 billion in assets under management (AUM)—the total market value of all its investments. Vista Equity Partners Smith is the wealthiest Black man in the United States, surpassing Oprah Winfrey in 2018 as the richest Black American. He founded Vista Equity Partners in 2000 to invest in businesses that use tech to promote economic equity, ecological responsibility, and diversity and inclusion. He recently announced plans to sell Apptio – a company that helps connect technology investments to business
Founder and CEO of market investment firm Vista Equity Partners Robert Smith has announced plans to sell Apptio – a company that helps connect technology investments to business outcomes – to IBM for $4.6 billion. Having bought the software maker for $1.9 billion in 2019, the firm has now doubled its initial investment with a return of 142% on the initial payment to acquire the company. In a separate statement, IBM revealed that it would use cash on hand to fund the deal, which should be complete in the second half of 2023.
