US-based private investment firm Vistria Group has closed its fifth flagship private equity (PE) fund at US$3 billion, its largest PE fund to date. The social impact-focused Vistria Fund V targets investment in US-based healthcare, knowledge and learning solutions, and financial services companies that benefit from the firm’s operating expertise, network and partnerships. “The support from our existing limited partners (LPs) and interest we received from new LPs from around the world for Fund V underscores the strong confidence in our investment philosophy: focusing on industries that help our society become healthy, wealthy, and wise,” said Kip Kirkpatrick, Vistria’s Co-CEO. Since the close of Vistria Fund IV at US$2.7 billion in 2021, the firm has also added credit and real estate strategies. Founded in 2013, Vistria manages nearly US$16 billion across its funds and co-investment vehicles, and has more than doubled its AUM in just over three years, holding investments in 39 portfolio companies. “For the past decade, our mission to drive outsized returns while also driving meaningful societal impact has set us apart,” said Martin Nesbitt, Co-CEO at Vistria. “As we look ahead, we are excited to build upon our existing strong leadership team as we remain steadfast to our consistent and disciplined approach to long-term value creation.”
