Vista’s Credit Arm Raises $1 Billion for BDC, Capital Solutions

Vista Equity Partners’ credit arm raised $1 billion across two new strategies as it expands beyond its technology-focused buyout roots to capitalize on the boom in private credit.

The private equity firm completed a $500 million first close for Vista Credit Strategic Lending Corp., its first business development company, according to a message sent to its limited partners and seen by Bloomberg. The fundraise includes a $50 million equity commitment from Vista Equity Partners.

The BDC will invest in non-affiliated sponsor-backed credit and loans originated by its FounderDirect strategy, which provides financing to software company founders and management teams, ...