Vancouver BC-based Vistara Capital Partners held the final close of Vistara Capital Partners Fund I LP at $100m.
Vistara (Sanskrit for expansion) provides growth capital to technology and technology-enabled services companies generating $10m to $200m in revenue and located across Canada and the western United States.
Co-founded by Fabio Banducci, Co-Founder and Managing Partner, and Randy Garg, the fund will invest between $5 million and $15 million per company in private or public companies, with additional co-investment capacity through its network of LPs.
Investments are typically structured in the form of:
– non-amortizing (interest only) term debt;
– convertible debt;
– standby / acquisition facilities; and/or
– minority preferred equity solutions.