Vista Equity Partners Management, Llc
SEC-registered
Private Fund Manager · Mega ($100B+)
CRD 156973
· SEC file 801-73726
· San Francisco, CA
· www.youtube.com
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $106B
- Discretionary
- $105B
- Clients
- 128
- Avg AUM / client
- $828M
- Accounts
- 128
- Employees
- 643
AUM over time
$4.9B
$106B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Investments (13F portfolio — 2 positions, $42,655,298)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Navan Inc | CL A | $27,620,229 | 2,086,120 | 64.8% | 0.03% |
| 2 | Klarna Group Plc | SHS | $15,035,069 | 1,148,592 | 35.2% | 0.01% |
Top 25 of 2 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 128 | $106B | 100.0% |
Private funds (104)
View all →Reported in Form ADV Section 7.B.(1), filing of May 2024 · $101B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Vista Equity Partners Fund Vii A, L.P. | Private Equity Fund | Cayman Islands | $11.9B | 280 |
| Vista Equity Partners Fund Vii, L.P. | Private Equity Fund | Cayman Islands | $10.8B | 215 |
| Vista Equity Partners Fund Viii A, L.P. | Private Equity Fund | Delaware | $10.5B | 254 |
| Vista Equity Partners Fund Vi, L.P. master | Private Equity Fund | Cayman Islands | $10.1B | 148 |
| Vista Equity Partners Fund Viii, L.P. | Private Equity Fund | Delaware | $8.3B | 161 |
| Vista Equity Partners Fund V, L.P. | Private Equity Fund | Delaware | $7.9B | 133 |
| Vista Equity Partners Fund Vi A, L.P. | Private Equity Fund | Cayman Islands | $6.1B | 123 |
| Vista Equity Partners Fund V A, L.P. | Private Equity Fund | Cayman Islands | $3.2B | 37 |
| Vista Foundation Fund Iv, L.P. | Private Equity Fund | Cayman Islands | $3.1B | 150 |
| Vista Equity Partners Fund Iv, L.P. | Private Equity Fund | Delaware | $3.0B | 90 |
| Vista Foundation Fund Iii, L.P. | Private Equity Fund | Cayman Islands | $2.9B | 76 |
| Vista Foundation Fund Iv A, L.P. | Private Equity Fund | Cayman Islands | $1.7B | 121 |
| Vista Equity Partners Perennial A, L.P. | Private Equity Fund | Cayman Islands | $1.6B | 10 |
| Vista Equity Partners Perennial, L.P. | Private Equity Fund | Cayman Islands | $1.4B | 9 |
| Vepf V Co Invest 1 A, L.P. | Private Equity Fund | Delaware | $1.3B | 15 |
People (17)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Smith, Robert, Frederick | Chairman And Chief Executive Officer, Member Of Executive Committee | Oct 2010 (16y) | ≈ 14.06% – 50% via Vista Holdings Group, L.P. | |
| Lema, Christina, Silvia | Managing Director, General Counsel Of Vista Equity Partners Management, Llc | Feb 2012 (15y) | Less than 5% | |
| Reinke, Gwen, Gorham | Senior Managing Director, Chief Compliance Officer | Jan 2015 (12y) | Less than 5% | |
| Breach, David, Andrew | President And Chief Operating Officer, Member Of Executive Committee | Apr 2015 (11y) | Less than 5% | |
| Flannery, David, Jude | Senior Managing Director And President Of Vista Credit Partners, Member Of Executive Committee | Nov 2018 (8y) | Less than 5% | |
| Schwartz, Alan, Gregory | Senior Managing Director, Chief Legal Officer | Jan 2020 (7y) | Less than 5% | |
| Fosnaugh, Michael, Eugene | Senior Managing Director And Flagship Fund Co Head, Private Equity, Member Of Executive Committee | Nov 2020 (6y) | Less than 5% | |
| Hickey, James, Patrick | Senior Managing Director And Perennial Fund Co Head, Permanent Capital, Member Of Executive Committee | Nov 2020 (6y) | Less than 5% | |
| Hung, Betty, Weni | Managing Director, Private Equity, Member Of Executive Committee | Nov 2020 (6y) | Less than 5% | |
| Myers, Gregory, Ridgway | Senior Managing Director And Head Of Capital & Partner Solutions, Member Of Executive Committee | Nov 2020 (6y) | Less than 5% | |
| Saroya, Maneet | Senior Managing Director And Flagship Fund Co Head, Private Equity, Member Of Executive Committee | Nov 2020 (6y) | Less than 5% | |
| Syed, Nadeem | Senior Managing Director, Private Equity, Member Of Executive Committee | Nov 2020 (6y) | Less than 5% | |
| Arnold, Rachel, Nicole | Senior Managing Director, Co Head Of Endeavor Fund, Member Of Executive Committee | Apr 2022 (4y) | Less than 5% | |
| Dillard, Lauren, Bennett | Senior Managing Director, Chief Financial Officer, Member Of Executive Committee | Apr 2022 (4y) | Less than 5% | |
| Hirsch, Justin, P | Managing Director, Head Of Strategy, Member Of Executive Committee | Apr 2022 (4y) | Less than 5% | |
| Severson, Patrick | Senior Managing Director, Co Head Of Foundation Fund, Member Of Executive Committee | Apr 2022 (4y) | Less than 5% | |
| Taylor, Martin, Andrew | Senior Managing Director, Co Head Of Foundation Fund, Member Of Executive Committee | Apr 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Vhg Capital, L.P. | Member Of Vista Equity Partners Management, Llc | Oct 2021 | A | 75% or more |
| Vep Group, Llc | Senior Managing Member Of Vista Equity Partners Management, Llc | Jul 2015 | A | Less than 5% |
| Vista Holdings Group, L.P. | Limited Partner Of Vhg Capital, L.P. | Oct 2021 | B | ≈ 56.25% – 100% via Vhg Capital, L.P. |
| Vep Group, Llc | General Partner Of Vista Holdings Group, L.P. | Jul 2015 | B | GP / trustee / elected manager of Vista Holdings Group, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Smith, Robert, Frederick: 25% – 50% of Vista Holdings Group, L.P. × 75% – 100% of Vhg Capital, L.P. × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Vista Holdings Group, L.P.: 75% – 100% of Vhg Capital, L.P. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (104, $101B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Vista Equity Partners Fund Vii A, L.P. | Private Equity Fund | $11.9B | $10.0M | 280 |
| Vista Equity Partners Fund Vii, L.P. | Private Equity Fund | $10.8B | $10.0M | 215 |
| Vista Equity Partners Fund Viii A, L.P. | Private Equity Fund | $10.5B | $0 | 254 |
| Vista Equity Partners Fund Vi, L.P. | Private Equity Fund | $10.1B | $10.0M | 148 |
| Vista Equity Partners Fund Viii, L.P. | Private Equity Fund | $8.3B | $0 | 161 |
| Vista Equity Partners Fund V, L.P. | Private Equity Fund | $7.9B | $10.0M | 133 |
| Vista Equity Partners Fund Vi A, L.P. | Private Equity Fund | $6.1B | $10.0M | 123 |
| Vista Equity Partners Fund V A, L.P. | Private Equity Fund | $3.2B | $10.0M | 37 |
| Vista Foundation Fund Iv, L.P. | Private Equity Fund | $3.1B | $10.0M | 150 |
| Vista Equity Partners Fund Iv, L.P. | Private Equity Fund | $3.0B | $10.0M | 90 |
| Vista Foundation Fund Iii, L.P. | Private Equity Fund | $2.9B | $10.0M | 76 |
| Vista Foundation Fund Iv A, L.P. | Private Equity Fund | $1.7B | $10.0M | 121 |
| Vista Equity Partners Perennial A, L.P. | Private Equity Fund | $1.6B | $50.0M | 10 |
| Vista Equity Partners Perennial, L.P. | Private Equity Fund | $1.4B | $50.0M | 9 |
| Vepf V Co Invest 1 A, L.P. | Private Equity Fund | $1.3B | $0 | 15 |
| Vista Equity Endeavor Fund Ii, L.P. | Private Equity Fund | $1.2B | $10.0M | 34 |
| Vista Foundation Fund Ii, L.P. | Private Equity Fund | $858M | $10.0M | 67 |
| Vista Foundation Fund Iii A, L.P. | Private Equity Fund | $829M | $10.0M | 53 |
| Vista Platform Fund I, L.P. | Private Equity Fund | $782M | $0 | 2 |
| Vista Co Invest Fund 2018 2, L.P | Private Equity Fund | $769M | $0 | 2 |
| Vepf Viii Co Invest 1 A, L.P. | Private Equity Fund | $742M | $0 | 33 |
| Vista Public Strategies Fund, L.P. | Hedge Fund | $672M | $5.0M | 69 |
| Vepf Iv Co Invest 1 A, L.P. | Private Equity Fund | $639M | $0 | 5 |
| Vista Equity Partners Fund Iv (Parallel), L.P. | Private Equity Fund | $617M | $10.0M | 5 |
| Vista Equity Endeavor Fund I, L.P. | Private Equity Fund | $617M | $10.0M | 25 |
Top 25 of 104 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 31.8 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗