‹ ALTSeek Search
PC · PRIVATE CREDIT

Vista Credit Strategic Lending Corp.

Vista Equity Partners · Private BDC (perpetual-life)

Program Overview

Private BDC (perpetual-life)
Vista Credit Strategic Lending Corp.
Peer Group Filters
Objectives
IncomeCapital Appreciation
Asset Class
Private Credit
Vehicle
BDC
Single / Multi Asset
Multi-Asset
Sponsor/Manager
Asset Class
Private Credit
Issuer
Vista Credit Strategic Lending Corp.
Issuer Legal Structure
Maryland Corporation
Program Life Structure
Evergreen
Target Leverage
Minimum 150% asset coverage 150% asset coverage (about $2 of debt per $1 of equity); 196.2% at 6/30/26. Debt: ING secured revolver, Deutsche Bank SPV facility, $200M unsecured notes (plus $150M Series 2026A from Oct 2026) and a $517M securitization; fixed notes swapped to floating.
Strategy Risk/Return Profile
-
Strategy Overview

Vista Credit Strategic Lending Corp. is a privately offered, perpetual-life BDC that lends to middle-market enterprise software, data and technology-enabled companies, drawing on the Vista Equity Partners software platform for sourcing and underwriting. The stated objective is current income and, to a lesser extent, capital appreciation. The mandate allows senior and subordinated debt, preferred stock and equity taken alongside financings, with at least 80% of total assets in credit. In practice the book is almost all first-lien, floating-rate loans across sponsor-backed, founder-owned and broadly syndicated deals at low loan-to-value. Loans are generally below investment grade and may be covenant-lite.

Subscribe to Ratings ALTSeek Ratings, securities and terms and the full diligence record are available with a subscription. Subscribe to Ratings Already subscribed? Sign in again

ALTSeek Ratings

Unlimited access to every published ALTSeek rating, with APS, CDS and FMRP component scores, plus confidence and directional indicators, and summary investment committee reporting. Includes unlimited capability to benchmark and stratify investments across tier level, ledger, frontier and benchmark views. Also included in ALTSeek Complete.

$129 / month per useror $1,419 / year