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Strategies / Credit

Credit

Vista Credit Partners is Vista’s credit-investing strategy offering flexible, customized debt and structured equity financing to enterprise software, data and technology-enabled businesses. Vista Credit Partners has broad investing capabilities spanning the private and traded credit markets. As part of our Credit strategy, our FounderDirect offering specializes in direct financings for founder-run enterprise software companies.

Vista Credit Partners Overview

Vista Credit Partners’ investment capabilities are a natural extension of Vista’s private equity investment strategy, enabling the firm to offer a broad product suite up and down the capital structure to meet a company’s financing needs.

$12.3BN+

Assets Deployed

$4.1BN+

FounderDirect Origination

650+

Portfolio Executives

100K+

Portfolio Company Employees

Disclosures

Please see Disclosures for important information about this content.

The Vista Advantage

Why Vista Credit Partners

Focused

Vista is the most active investor in enterprise software and established Vista Credit Partners to capitalize on the growing opportunity in credit financing.

Experienced

Our team includes over 30 professionals, with an average of almost two decades of experience among senior leadership.

Connected

Our team benefits from the Vista ecosystem to execute efficiently and build long-term, meaningful relationships with founders and sponsors.

Flexible

Vista Credit Partners offers solutions tailored to strategic objectives with growth-friendly terms and long-term investment horizons.

Investment Focus

FounderDirect Solutions

Offer non-dilutive private capital options directly to non-sponsor-owned businesses.

Sponsor Credit

For enterprise software and technology-enabled private equity buyouts and portfolio activity.

Traded Credit

Leverage software domain expertise to invest in Broadly Syndicated Loans and other traded credit securities.

Intermediate & Bridge Solutions

Customized structures for idiosyncratic situations where flexible capital can provide enhanced risk-reward.

Our Credit Funds

We provide a comprehensive suite of alternative financing solutions to highly developed enterprise software, data and technology-enabled companies.

Flagship Credit

Senior secured loans across sponsor, non-sponsor and syndicated credit channels

Strategic Lending

Private, perpetual-life business development company lending to both sponsor-backed and non-sponsor-backed businesses

Capital Solutions

Customized direct lending solutions to mature, non-sponsor-backed private companies

FounderDirect

Late-stage software companies that are not yet issuers to the public markets have historically been underserved by traditional financing alternatives, including venture debt. Through our FounderDirect channel, Vista Credit Partners offers flexible capital solutions direct to founders seeking less dilutive terms. Vista Credit Partners provides the benefits of an experienced partner who can move with speed and certainty, while also providing support through connectivity to the broader Vista ecosystem. Our FounderDirect channel seeks to invest in mature enterprise software, data and technology-enabled businesses that have built high-quality solutions with strong customer retention.

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Vista Credit Strategic Lending

Vista Credit Strategic Lending is a private, perpetual-life business development company providing investors access to investment opportunities across the spectrum of enterprise software, data and technology-enabled credit. Vista Credit Strategic Lending primarily focuses on senior secured loans at the top of the capital structure, providing additional downside risk mitigation, particularly during periods of market uncertainty.

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"Vista Credit Partners’ alignment with our vision, knowledge of the enterprise software market, and the speed and certainty they brought to the table made them an ideal financing partner."

Ariel Cohen, Co-founder and CEO, Navan

"I'm confident our partnership with Vista will help us advance our technology platform that powers connections between hobbyists, publishers, retailers and manufacturers at every point of their journey."

Chedy Hampson, Founder and CEO, TCGplayer

"With Vista Credit Partners, we gained a trusted partner, a value-add investor and the resources needed to achieve Updater's most ambitious goals yet."

David Greenberg, Founder and CEO, Updater

Disclosures

Endorsements presented herein are made by current or former employees of Vista portfolio companies, over which Vista may have the ability to exercise discretion on employee compensation, promotion and other employment decisions and may also be investors in Vista funds.

GrowthCap: Vista Credit Partners Recognized as One of the Top Private Debt Firms of 2024

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Disclosures

The GrowthCap Top Private Debt Firms of 2024 recognition is an annual recognition that was presented 11/2024, which included a participation fee for consideration.

Vista Equity Partners and Vista Credit Partners Named to Inc.'s 2024 Founder-Friendly Investors

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Disclosures

The 2024 Inc. Founder-Friendly Investors list is an annual recognition that was presented 10/2024, which included a participation fee for consideration.

Private Debt Investor

Why the Golden Era of Private Credit Is Not Over Yet

David Flannery, President of Vista Credit Partners, recently shared his outlook for the private credit market in a keynote interview with PDI magazine.

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Pensions & Investments: Investment Insights

Tapping Into Enterprise Software Expertise in Private Credit

David Flannery, President and Senior Managing Director of Vista Credit Partners, speaks with Pensions & Investments in their Investment Insights newsletter about Vista's expertise in enterprise software and highly-disciplined approach on selecting the right opportunities.

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Disclosures

This article does not constitute an offer to sell or a solicitation of an offer to buy any interests in any security. Past performance is not indicative of future results. Private credit investments entail a high degree of risk and are not suitable for all investors. Statements contained in this Presentation (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts are based on current expectations, estimates, projections, targets, opinions and/or beliefs of Vista.

aPriori Receives Growth Investment From Vista Credit Partners for Its Manufacturing Insights Platform

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VideoAmp Announces $150 Million Series G Investment Led by Vista Credit Partners

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RapidAI Announces $75 Million Growth Investment Led by Vista Credit Partners

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9fin: 9Questions With David Flannery

David Flannery, President and Senior Managing Director of Vista Credit Partners, speaks with 9fin on the resilience of enterprise software, the emergence of generative artificial intelligence technologies and more.

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Fivetran Announces $125 Million in New Financing From Vista Credit Partners

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Arcadia Raises $125 Million in New Financing From Vista Credit Partners

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Demandbase Raises $175 Million in New Financing

Financing Provided by Vista Credit Partners

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Learn More About Vista's Credit Offerings

Click below to connect with a member of Vista Credit Partners or to learn more about Vista Credit Strategic Lending, Vista's private, perpetual-life business development company.

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