Skip to content
Wealth

Robert Smith Scours Globe for $20 Billion Comeback After Tax Case

His new buyout fund has raised more than $12 billion, but some past clients are reluctant to join after tax case

Robert Smith
Robert SmithPhotographer: Patrick T. Fallon/Bloomberg
By

and

Updated on

Buyout titan Robert Smith is trying to stage one of the most epic comebacks in US money management: seeking a record $20 billion for a new tech-focused fund at his Vista Equity Partners two years after settling a federal probe into personal tax evasion.

It isn’t proving easy.