Report: Vista Credit to Buy Out Certain Investors from Credit Opportunities Fund II

Vista Credit Partners is said to have facilitated a secondary market transaction to buy out certain investors in a pool of Vista-managed credit assets, according to a November 25 report from The Wall Street Journal.

An unnamed source cited by WSJ disclosed that the tech lender closed a deal for existing investors in its Vista Credit Opportunities Fund II (VCOF II) to sell their stakes to private markets giant Pantheon. The 2016 vintage fund captured $935M in capital commitments on its final close in May 2017. Per Dakota data, VCOF II investors include the New York State Common Retirement Fund, which committed $200M, and the State of Wisconsin Investment Board, with an $88.2M commitment.

To date, Vista’s credit-investing strategy has deployed over $12.3B in assets to enterprise software, data, and technology-enabled portfolio companies, according to the firm’s website.

Source: https://www.wsj.com/articles/vista-closes-460-million-deal-to-cash-out-credit-investors-68335dd9