“We are thrilled to have Robert with us. As an engineer, inventor, and software investor, he will offer attendees his unique approach to solving problems, mobilizing data, and focusing on impact in the world of philanthropy,” Nimsger said in a statement.
Austin-based Vista Equity, which also has offices in San Francisco, is one of the world’s busiest private equity firms, routinely turning billion-dollar deals mainly focused on the software sector. Just this week Vista Equity said it had taken a majority stake in a California company that manages online payments for the property management sector.
PitchBook, the Seattle-based business intelligence platform, recently ranked the $3.5 billion Vista Equity Partners Fund IV as No. 3 among the six billion-dollar U.S. buyout funds with the best returns since the start of 2012.
Smith is also one of the most notable philanthropists worldwide, and is ranked by Forbes as the second-wealthiest African-American in the U.S., just behind television personality Oprah Winfrey.