The firm, founded by Robert Smith, plans to go big on AI.
Vista Equity Partners, the private equity founded by Robert Smith, is closing on more than $20 billion for its eighth flagship fund, according to a letter sent to investors and obtained by Axios.
"This has enabled us to identify and capitalize on opportunities, including dramatically expanding TAM, product innovation, GTM strategies, with greater precision and speed, ensuring that we stay ahead of the curve in a rapidly evolving market landscape," he adds. Limited partners were treated to an on-stage conversation between Smith and OpenAI CEO Sam Altman during the event's opening dinner last night.: Like other investors, Vista is making the case that the sheer size of AI's opportunity needs capital firepower to match.Share on linkedin
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