Two years later, and Robert Smith still can't escape fallout from that one nagging controversy: that he “willfully” failed to report more than $200 million of his partnership’s income to the IRS—spending part of the proceeds on a smattering of properties—which resulted in a non-prosecution agreement with the Department of Justice and $139 million in taxes and penalties. According to the New York Post, Smith’s private equity firm, Vista Equity Partners, is now struggling to raise money for a new flagship fund. The firm reportedly wanted to raise $20 billion or more, but so far has received less than half that amount in commitments. Reached by the Post, Vista declined to comment.
