Term Sheet

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Exclusive: Tech investor leaves Warburg Pincus

August 21, 2013: 12:03 PM ET

patrick-seversonPatrick Severson to join Vista Equity Partners.

FORTUNE -- Patrick Severson has quietly stepped down as a managing director with private equity firm Warburg Pincus, Fortune has learned.

Severson originally joined Warburg Pincus in 2001 to focus on software and healthcare technology investments. Deals included Nuance Communications (NUAN), CrowdStrike, iParadigms, Spigot and Telcordia.

His next stop will be Texas-based Vista Equity Partners, where Severson is expected to focus on Vista's second "Foundation" fund – a $500 million-targeted vehicle designed to acquire control interests in enterprise software businesses and tech-enabled solutions companies with enterprise values of between $20 million and $200 million.

Vista declined to comment, while Severson did not return an email sent to his personal account.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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