147: Vista Equity Partners: The $100 Billion Private Equity Software Group - With Rachel Arnold, Co-Head of Vista Equity Partners’ Endeavor Fund

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 18 July 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this shorter interview, recorded at Berlin SuperReturn, Rachel Arnold, Co-Head of Vista’s Endeavour strategy, a fund focused on small-cap private software companies, offers insights that echo Bill Gates comment that “software is the magic thing whose importance only goes up over time”

Amazingly, over 90% of software companies are private, and as a former tech operator and CEO, Rachel brings hard-earned expertise to explain their investing approach.

She discusses portfolio make up, the drivers behind software’s growth and how they assist their portfolio companies on operational transformation.

She discusses the urgency and applications resulting from AI’s adoption, the likely trajectory of this investing space, software’s economic resilience and the runway ahead.

The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors and the World Gold Council.

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Transcript

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0:00.0	Welcome to the Wall Street Shuffle in the Money Russell.
0:16.0	Welcome to the MoneyMays podcast. I'm Simon Brewer and along with my co-founder, Will Campion.
0:22.3	We created this show in 2020 to explore and unravel some of the mysteries surrounding the
0:27.4	investment and business worlds.
0:29.2	... to make a mark if you want to make money. You need the luck to make a buck if you want to be good. episodes are available on audio via our YouTube channels and we're available on audio via most
0:42.7	podcast platforms and on video via our YouTube channel and we're active on all major social media
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0:55.9	We'd like to thank you for listening.
0:57.6	If we could ask one favour, we'd love you to tell a friend or colleague about us.
1:02.7	Thank you.
1:04.9	Bill Gates said software is the magic whose importance only goes up over time. And 90% of software companies
1:14.8	in the world are private still today. And what is even more extraordinary is Vista Equity Partners
1:21.3	is the fourth largest software firm in the world. Rachel, we're going to turn to you because
1:25.9	having dealt with the top, sort of,
1:29.0	you know, top down view of this software, you run or co-run the Endeavour Fund, which is a
1:33.0	smaller cap strategy than investor.
1:35.2	You run a business.
1:36.2	You've been a CEO.
1:37.1	You know the tech space and you're running this firm, which makes it unusual because
1:40.0	lots of people in the investment business, you know, have not been practitioners.
1:48.4	So apart from the fact, it's great to have you here and you've been doing this for a long time,
1:53.1	I'd like to start by you setting the scene for what's going on in the world of software.
	...

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