Kirkland represented Vista Equity Partners in the formation and fundraising of Vista Equity Partners Fund V, its fifth flagship fund, which completed its fundraising six months early and announced its final closing on October 15, 2014. With Kirkland’s assistance, Fund V far exceeded its $3.5 billion target, raising in excess of $5.775 billion in limited partner commitments. Investors in Fund V include significant commitments from Fund IV limited partners as well as new corporate limited partners, public pension plans, non-U.S. pension funds and sovereign wealth funds, foundations and high-net-worth individuals, including many Vista portfolio company executives. Target investments, for which Vista routinely retains Kirkland as counsel, will focus on middle and upper-middle market enterprise software companies.
The team supporting Vista’s fundraising efforts is led by New York private funds partners John O’Neil, Daniel Lavon-Krein and Paul Watt.