Vista Winds Down Hedge Fund, Citing Dominance of Private Markets
- Suspends withdrawal requests, will return capital to holders
- Tech and software ‘center of gravity’ moves to private assets
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Vista Equity Partners has told investors it’s winding down its hedge fund amid a “structural shift” in markets toward private assets.
The buyout firm is sunsetting Vista Public Strategies Fund LP and feeder funds Vista Public Strategies Onshore Fund LP and Vista Public Strategies Offshore Ltd, and returning capital to shareholders, according to a letter to investors reviewed by Bloomberg News.