IRR
+2%
Multiple
1.05x
DPI
0.08x
Size
$4.5B
Vintage
2021
RETURN GRADE:POORLOW DISTRIBUTIONS
MARK VS PUBLIC MARKET
How does the GP's self-reported return compare to simply buying the S&P 500 at the same vintage?
Vista Foundation Fund IV
+2% IRR
~+10% total return over 5 yrs
S&P 500 (2021 vintage)
+5%
Total return, 2021 to present
VERDICT: GP marks outpace the S&P 500 by ~5pp. But DPI is low — returns exist only on paper until realized.
Notes
Software focus. Pluralsight debacle.
Other Vista Equity Funds (1)
ALL RETURNS ARE SELF-REPORTED BY GP MARKS — NOT AUDITED, NOT MARK-TO-MARKET