Robert Frederick Smith

From Wikipedia

Robert Frederick Smith was born December 1, 1962, he is an American investor. He is the founder, chairman and CEO of Vista Equity Partners, an investment firm with over $26 billion in assets as of September 2016. Smith was ranked by Forbes in 2016 as the 274th richest person in America, the second wealthiest African American on the list after Oprah Winfrey.  He was #688 on Forbes 2016 list of the world's billionaires, with a net worth of US$2.5 billion.

Robert F. Smith was born to two parents with PhDs, who were school teachers. He grew up in a mostly African American, middle class neighborhood in Denver, and attended a newly-integrated school.

When he was an infant, his mother carried him at the March on Washington, where the Rev. Dr. Martin Luther King Jr. delivered his “I Have a Dream” speech.

In high school, he applied for an internship at Bell Labs but was told the program was intended for college students. Smith persisted, calling every day. When a student from M.I.T. did not show up, he got the position, and that summer he developed a reliability test for semiconductors.

Smith trained as a chemical engineer at Cornell University, earning his B.S. in Chemical Engineering.  At Cornell he was a brother of Alpha Phi Alpha.

After working at Kraft General Foods, where he earned two United States and two European patents, he attended Columbia Business School. Smith graduated with honors. From 1994–2000, he joined Goldman Sachs in tech investment banking, first in New York and then in Silicon Valley. As Co-Head of Enterprise Systems and Storage, he executed and advised on over $50B in merger and acquisition activity with companies such as Apple, Microsoft, Texas Instruments, eBay and Yahoo. He was the first person at Goldman Sachs to focus solely on Tech M&A and foreign countries .

In 2000, Smith founded Vista Equity Partners, of which he is the Founder, Chairman and CEO. Vista has exclusively focused on the enterprise software, data and technology enabled solutions sectors. Among Vista’s portfolio companies are Misys, TIBCO, Solera, Active Network, Bullhorn, Omnitracs, and Newscyle.

Robert F. Smith is the Founder, Chairman and CEO of Vista Equity Partners.   As Vista’s Chairman and CEO, Mr. Smith directs Vista’s investment strategy and decisions, firm governance and investor relations.

Vista currently manages cumulative capital commitments of over $26 billion and oversees a portfolio of over 35 software companies that employ approximately 42,000 employees worldwide. Since Vista’s founding in 2000, Mr. Smith has overseen over 240 completed transactions by the firm.  During that time, Vista has managed capital for hundreds of limited partners, including many prominent public, private and corporate pension plans, endowments, family offices, and high net worth individuals.

Under Robert Smith’s leadership, Vista has exclusively focused on the enterprise software, data and technology enabled solutions sectors. Mr. Smith is a member of the investment committees of the Firm's funds and currently serves on, or participates on, the boards of many of the Vista Flagship and Foundation Funds' portfolio companies.

In January 2015, based on its performance over the last 10 years, Vista Equity Partners was named the world’s #1 performing private equity firm, according to the HEC-Dow Jones annual ranking conducted by professor Oliver Gottschalg. Preqin, a consulting firm that tracks the industry, reports that Vista’s third fund returned $2.46 for every dollar invested, better than every other big fund raised between 2006 and 2010, the boom years for private equity.

Mr. Smith’s business achievements and global philanthropic works have received recognition from numerous entities - including the Reginald F. Lewis Achievement Award, the Humanitarian of the Year Award from the Robert Toigo Foundation, the Ripple of Hope Award from the Robert F. Kennedy Center for Justice and Human Rights, the Award of Excellence from the National Association of Investment Companies, and the Columbia University BBSA Distinguished Alumni Award.

Mr. Smith is the Chairman of the Robert F. Kennedy Center for Justice and Human Rights, Member of the Cornell Engineering College Council, and a Trustee of the Boys and Girls Clubs of San Francisco. Mr. Smith is a Board Member of Carnegie Hall. He is also an avid fly fisherman.

In October 2014, Vista closed its Fund V at $5.8 billion, its largest fund to date.

In July 2015, Smith married Hope Dworaczyk, a former Playboy Playmate, model, healthy living advocate, and fashion editor.  He has five children, three from a previous marriage and two with Dworaczyk.  Their first child, Hendrix Robert Smith, was born in December 2014. Smith resides in Austin, Texas.

      Robert F Smith at Youth Symposium 2016 HD


      Robert Smith, Vista Equity Partners, at 2015 Color of Wealth Summit