Evergreen
Credit
Vista’s evergreen credit strategy provides advisors and their clients with access to a diversified portfolio of software-and technology-focused credit.
Vista’s Private Credit Platform
Assets Under Management (BN)
$9.8+
Deployed Since Inception (BN)
$14.6+
Investments Since Inception
650+
AUM as of June 30, 2025. Capital Deployed and Investments Since Inception as of September 30, 2025.
Advantages of Software Credit
Broad End-Market Reach Enterprise software powers 25+ industries, reducing correlation to macro cycles and enhancing stability.
Recurring Revenue Models
With 74% average recurring revenue1 in Vista’s credit portfolio, software companies offer greater visibility and predictability.
Lower Credit Risk Software credit has historically demonstrated low default rates and high recovery outcomes across decades.
Access to Private Opportunities Approximately 96% of software companies are privately held2, creating opportunities in less competitive lending markets.
1. Vista Credit Partners FounderDirect investments. Revenue metrics are on an LTM basis and weighted based on total equity invested by asset for portfolio companies held as of June 2023. 2. Vista proprietary research in collaboration with third party independent consult, as of 09/2024
Investment Focus
Sponsor Credit
Direct lending solutions for resilient, sponsor-backed software and technology-focused businesses.
FounderDirect
Non-dilutive credit solutions for mature, non-sponsor-backed software and technology-focused businesses.
What Sets Vista Credit Partners Apart
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