Founded in 1997 and based in San Francisco, Vector Capital focuses on value-oriented investments, including acquisitions of private companies, spinouts of non-core businesses from corporations, and leveraged recapitalizations. They have raised over $4 billion across five private equity funds and currently manage over $2 billion in equity capital. In addition to their private equity business, Vector Capital also has a private credit business that invests in distressed debt or lends directly to technology companies. They have made notable investments in companies such as Technicolor SA and Host Analytics.