Vista Equity Partners’ President and Chief Operating Officer David Breach joins Ted Seides on the Capital Allocators podcast for a wide-ranging conversation about Vista’s growth, the opportunity in enterprise software and how generative AI is reshaping the industry. Drawing on his background in law, sales and leadership at Vista, David shares practical insights on capital deployment, operational discipline and scaling value creation. With over $100 billion in assets under management (as of ), Vista Equity Partners is one of the most active investors in enterprise software. In this episode, David discusses why software businesses, with their recurring revenue, high ROI and deep workflow integrations, are uniquely positioned to benefit from generative AI. He outlines how Vista evaluates new investments through the lens of data control and workflow sovereignty and how AI creates both risk and opportunity across operational efficiency, product innovation and pricing. The conversation also covers Vista’s thoughtful expansion into the wealth channel. David explains why democratizing access to enterprise software investing can complement institutional capital and help Vista pursue more opportunities, without compromising discipline or strategy. Learn more: Videos by Vista Equity Partners Management, LLC (together with its affiliates, “Vista Equity Partners”) contain the opinions of past and present Vista Equity Partners and portfolio company personnel. Vista Equity Partners makes no representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information in these videos. It should not be assumed that the portfolio companies discussed in these videos were profitable or that future portfolio companies or experiences will be comparable. Past performance is not necessarily indicative, or a guarantee, of future results. Under no circumstances should these videos be construed as an offer to sell, or a solicitation to buy, any security or as opinions regarding the provision of investment advisory services by Vista Equity Partners. The titles as represented are a reflection of individual roles and work at the time of filming and not necessarily indicative of current or future positions. Value Creation Team (“VCT”) consists of Vista professionals dedicated in whole or in part to operational matters (“Operating Professionals”) and the members of Vista Consulting Group (including OneVista) (“VCG”), a wholly-owned subsidiary of Vista. Vista Consulting Group (including One Vista) (“VCG”) is an affiliate of Vista and VCG personnel are not employees or partners of Vista Equity Partners and are compensated separately for their services by portfolio companies or the funds managed by Vista Equity Partners. Portfolio companies as represented are a reflection of Vista Equity Partners’ private equity portfolio at the time of filming and not necessarily representative of Vista Equity Partners’ current or future private equity portfolio. Branding of Vista Equity Partners’ private equity portfolio companies, including logos or other brand expressions, is a representation of such companies branding at the time of filming and is not necessarily indicative of current or future branding. For additional information, see ------------------------------------------ Like and subscribe to stay up to date with Vista. For more information, visit us at or follow us on: ------------------------------------------ Vista Equity Partners (Vista) is a leading global technology investor specializing in software. Through its private market strategies — private equity and private credit — and tailored private wealth solutions, Vista seeks to deliver differentiated returns using a proprietary, disciplined approach. Over more than 25 years, the firm has built a diversified portfolio of mission-critical software companies serving millions worldwide. Vista’s private equity strategy actively partners with its portfolio to harness transformative technologies like generative AI, driving innovation and operational excellence at scale.