Vista Equity Prepares Next Private Equity Fund for Technology Acquisitions -

Vista Equity Partners, the private equity firm that backs MSP-friendly technology companies Datto and LogicMonitor -- will soon open a virtual data room for its next fund to allow prospective investors access to documents related to the offering, The Wall Street Journal reported.

Vista Equity's anticipated move comes as multiple MSP- and security-savvy private equity firms such as Alpine Investors, Trinity Hunt Partners, Summit Partners and Thoma Bravo continue to make acquisitions and/or build new funds.

Vista Equity Partners Fund VIII LP: Preliminary Details

Vista Equity is considering a target range of $20 billion to $24 billion for Vista Equity Partners Fund VIII LP, and the new fund will target 18 to 25 investments with an average check size of $750 million, The Wall Street Journal added.

Vista Equity has extensive experience acquiring MSP- and SMB-focused technology companies. In addition to Datto, the private equity firm's key investments include:

Network security company Infoblox;

Apple device management software company Jamf;

IT monitoring software company LogicMonitor;

Identity and access management (IAM) company Ping;

small business CRM software company Pipedrive,

Private Equity for MSP-Focused Technology Companies

Multiple private equity funds specifically target MSPs or technology companies that sell security, data protection, IT management and automation software to MSPs. Newly or recently formed funds to note include:

Alpine Investors Fund VIII, which $2.25 billion and supports MSP buyer and investor Evergreen Services Group.

Trinity Hunt Partners Fund VI, which raised $460 million. Trinity is well-known for IT services investments.

Summit Partners Growth Equity Fund XI, which raised $8.35 billion. The firm’s existing investments include NinjaRMM and Red Canary.

Thoma Bravo raised $22.8 billion in October 2020, and was preparing more funds as of mid-2021. Thoma Bravo already owns and/or backs multiple companies in the MSP-centric technology businesses. The investments span Barracuda, ConnectWise, N-able, Sophos and more.