In the last eight years, Vista Equity Partners, a private equity firm based in Austin, Tex., has conducted 204 software acquisitions, more than Google, Oracle, or any tech company or financial firm in the world. That means no person on the planet is overseeing more software deals than Sheth. Indeed, after Smith left Goldman in 1999 to start a private equity firm focused on software, he recruited Sheth, 24 at the time, as a co-founder of Vista Equity. The idea of conducting private equity software deals was controversial and many thought it would fail. The firm’s private equity funds have returned 22% net of fees since inception, according to data from PitchBook.

Source: Forbes March 07, 2018 17:03 UTC