Vista Taps Goldman to Bundle Fund Stakes in $1 Billion Deal

Vista Equity Partners is planning to sell bonds backed by stakes in its private capital funds, according to people familiar with the matter.

While the firm has not yet finalized how much it plans to raise via the collateralized fund obligation or CFO, the transaction could be around $1 billion, the people said, asking not to be identified discussing a private matter. Goldman Sachs Group Inc. is advising the Austin-based firm, they added.

Representatives for Vista and Goldman Sachs declined to comment.

Customized securitizations are becoming popular as private fund managers look for ways to raise cash while weathering a ...