Vista Equity Partners Expands into Debt Underwriting for Portfolio Companies.

Vista Equity Partners is now coordinating and underwriting debt deals for its own companies, generating additional fees in a muted M&A market. This move allows the firm to collect fees and have a more active role in structuring financings. Vista's capital markets arm has done this for at least four portfolio companies, including Avalara, Duck Creek, Cloud Software Group, and Infoblox. The company is catching up with other large private equity firms that have been arranging debt offerings for years.