Vista Equity Partners Appoints Dan Parant as Global Head of Private Wealth Solutions to Expand Access to Private Market Technology Investments

Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced the appointment of Dan Parant as Managing Director and Global Head of Private Wealth Solutions. In this new position, Parant will report to Vista's Global Head of Capital and Partner Solutions, Greg Myers, and will accelerate Vista's efforts to expand access to investing in private technology companies for financial advisors and their clients globally.

Software is projected to grow at a nearly 17% annual rate and reach a market cap of $25 trillion by 2027.¹ Additionally, it's estimated that ~96% of all software and technology companies remain in the private markets.² Parant will leverage nearly 20 years of alternative investment distribution experience in the private wealth channel to deliver private market technology solutions tailored to the needs of individual investors across Vista's equity and credit investment strategies.

"There's an outsized opportunity for today's private wealth investor to tap into investment strategies in one of the largest and fastest growing sectors of an increasingly digital global economy ? technology and enterprise software," said Greg Myers, Senior Managing Director and Global Head of Capital and Partner Solutions, Vista Equity Partners. "The majority of technology and enterprise software companies ? and therefore investment opportunities in the sector ? are in the private markets, where individual investors have been historically under allocated. Dan's experience and expertise will be crucial to our continued efforts to provide institutional quality solutions to the private wealth channel."

Parant joins Vista from KKR, where as Co-Head of Americas Private Wealth, he established the firm's private wealth business over the last 12 years. At KKR, Parant led a team of executives focused on delivering private market funds and semi-liquid evergreen solutions to financial advisors across Wirehouses, Private Banks, RIAs and Independent Broker Dealers in the U.S., Canada and Latin America. Prior, he was a Vice President and Head of Alternatives Business Development for Intermediary Distribution at Neuberger Berman, and a member of the alternatives business at Lehman Brothers.

"Vista is a preeminent firm in technology investing, renowned for its disciplined investment approach and focus on value creation to develop businesses with enduring market value," said Parant. "I'm excited to join Vista and lead continued efforts to provide pathways for the private wealth channel to capitalize on its differentiated investment strategies and leadership position in the technology sector."

About Vista Equity Partners

Vista is a leading global investment firm with more than $100 billion in assets under management as of September 30, 2023. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista's investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future ? a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

(1) Source: Gartner, proprietary research, 10/2023. (2) Source: Gartner, proprietary research, 10/2023