Austin-based Haveli Investments Amasses $4.5 Billion for First Enterprise Software Buyout Fund

Venturing bold steps into the world of software equity, Haveli Investments has secured a formidable $4.5 billion for its debut software buyout fund. The Austin-based company, the brainchild of former Vista Equity Partners co-founder Brian Sheth, has ambitiously set its sights on buying minority and control stakes in enterprise software firms.

Sheth’s renowned prowess as a software and digital technology dealmaker uniquely positions Haveli to make a significant splash in the industry. Since its inauguration in 2021, the private equity firm has woven a complex portfolio that spans software, data, gaming, and other adjacent sectors of the tech industry. The strategy is clear - amass an arsenal of control, minority, and structured equity and debt offerings.

Haveli’s proactivity is clearly etched in its robust portfolio. The company has made key majority and minority acquisitions, including the cybersecurity risk management firm AppViewX and external cybersecurity company ZeroFox Holdings. Moreover, the firm’s foray into artificial intelligence saw their take-private, all-cash acquisition of AI database Couchbase in June, putting the company’s value at an estimated $1.5 billion.

In a noteworthy diversification, the Wall Street Journal reported that the company successfully closed Haveli VC Gaming Fund I, a $833.8 million venture capital fund dedicated to the gaming sector. A perfect illustrative testament to Haveli Investments’ dynamic and multifaceted approach to equity investments in the world of tech.