People Moves

Vista Equity Partners Names New Global Head Of Private Wealth Solutions

Editorial Staff February 16, 2024

Vista Equity Partners Names New Global Head Of Private Wealth Solutions

The 20-year veteran in alternative investment distribution for individual investors will strengthen Vista’s commitment to bringing private market technology investments to a broader investor base.

Vista Equity Partners, a global investment firm focusing exclusively on enterprise software, data and technology-enabled businesses, has appointed Dan Parant as managing director and global head of private wealth solutions. He will report to Vista’s global head of capital and partner solutions, Greg Myers.

Parant’s remit is to accelerate Vista’s efforts to expand access to investing in private technology companies for financial advisors and their clients globally. He will leverage nearly 20 years of alternative investment distribution experience in the private wealth channel to deliver private market technology solutions aimed at individual investors across Vista’s equity and credit investment strategies.

To put Vista’s ambitions in context, software is projected to grow at a nearly 17 per cent annual rate and reach a market cap of $25 trillion by 2027. Additionally, it is estimated that 96 per cent of all software and technology companies will remain in the private markets.

“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,” Myers said. “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 was formerly at KKR where, as co-head of Americas private wealth, he established the firm’s private wealth business over the last 12 years. At KKR, he led a team of executives who delivered private market funds and semi-liquid evergreen solutions to financial advisors across wirehouses, private banks, RIAs and independent broker dealers in the US, Canada and Latin America. Previously, 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, which has more than $100 billion in assets under management as of September 30, 2023, exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies. Its approach is to prioritize creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista believes that 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.

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes