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Vector Capital Receives Strategic Minority Investment from Dyal Capital

SAN FRANCISCO, April 11, 2018 – Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced that affiliates of Dyal Capital Partners (“Dyal”), a division of Neuberger Berman, made a strategic minority investment in Vector.

Alex Slusky, Vector Capital’s Founder and Chief Investment Officer, said, “We are thrilled to welcome Dyal as a strategic partner.  This investment, which builds on our 20-year relationship with Neuberger Berman, provides Vector with permanent capital to strengthen our private equity business and further accelerate the growth of our credit business. We are honored to partner with Dyal, which has a proven record of backing best-in-class investment managers.”

Under the terms of the transaction, Dyal has acquired a passive, non-voting, minority stake in the firm. There will be no changes to Vector’s strategy, investment process or day-to-day operations.

Michael Rees, Head of Dyal Capital Partners, added, “For more than 20 years, Vector has distinguished itself as one of the leading special situations investors in technology.  Vector has a flexible and creative investment approach with a strong track record of performance.  Through our capital and our business platform resources, we look forward to further enhancing Vector’s capabilities.”

Kirkland & Ellis LLP served as legal counsel to Vector.  Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Dyal.

About Vector Capital

Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With $3.8 billion of capital under management, Vector identifies and pursues these investments in both equity and credit markets. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers, and shareholders. For more information, visit http://www.vectorcapital.com.