The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Vista Equity Partners
Vista Equity Partners(“Vista”), a global technology investor specialising in enterprise software, has launched VistaOne (Lux) (“VistaOne” or the “Fund”), an open-ended investment vehicle which provides eligible non-US individual investors access to Vista’s private equity platform in a single, scaled solution.

The fund offers the following features:

-- VistaOne is an evergreen investment vehicle providing direct and continuous access to the suite of Vista’s private equity strategies;

-- VistaOne offers fully-drawn exposure to direct deals with one layer of fees and quarterly liquidity through a single access point; and

-- VistaOne “is one of the first” specialist-driven software and technology evergreen private equity products available to the private wealth market.

Vista, as part of the launch, teamed up with S64, a global alternatives fintech and solutions partner to the wealth management industry. S64 describes itself as a home for “semi-liquid evergreen private markets funds, and its services are used investment firms’ general partners; asset managers, and private banks in Europe, Middle East and Africa, and Asia-Pacific. S64 said it is  a pioneering manufacturer of structures such as Long Term Asset Funds, feeder funds and other routes for private investors into asset classes that in the past tended to be dominated by large institutions and the ultra-wealthy.

Software sector
To put the fund in context, the software sector has a projected 2027 total addressable market of $59 trillion and a growth rate of about 17 per cent, making it the largest and fastest growing in the global economy. Yet about 96 per cent of software companies are privately held and releatively inaccessible to most individual investors.

VistaOne is designed to offer fully-drawn exposure to direct Vista deals with one layer of fees, featuring quarterly liquidity (subject to certain conditions) and low investment minimums compared with traditional private market investment strategies. With a single commitment, eligible investors gain access to a balanced portfolio across the lifecycle of large-, mid- and small-cap private software companies through Vista’s Flagship, Foundation and Endeavor private equity strategies, Vistra said in a statement last week.

“The launch of VistaOne is another significant step forward in Vista’s efforts to expand access to private software investments by providing a compelling offering for non-US investors to diversify their portfolios and broaden exposure to a generational opportunity in generative AI,” David Breach, co-CEO of VistaOne and president, chief operating officer of Vista Equity Partners, said.

“VistaOne provides a streamlined and efficient evergreen solution for investors seeking to increase their allocation to some of the world’s most innovative, high-growth software companies, and do so alongside one of the largest and most experienced software investors,” added Dan Parant, co-president of VistaOne and managing director, global head of private wealth solutions at Vista Equity Partners.

The fund is available to wealth managers in Vista’s immediate network and other eligible non-US investors seeking to diversify their portfolios in private equity with a software specialist.