Vista Credit Partners, L.P.

Vista Credit Partners, L.P. is an SEC‑registered adviser that provides investment supervisory services primarily to pooled credit vehicles and certain institutional investors. The firm’s Funds originate and invest in privately negotiated debt and structured equity instruments, including first‑ and second‑lien debt, mezzanine and collateralized loan obligation (CLO) structures, with a sector focus on enterprise software, data, and technology‑enabled businesses; the brochure reports approximately $8.36 billion in discretionary assets under management as of December 31, 2025.

VCP’s investment process centers on credit underwriting and negotiated deal origination supplemented by operational workstreams from Vista’s Value Creation Team (including Vista Consulting Group and the OneVista initiative) to evaluate and support portfolio companies. The firm manages investments in accordance with each Fund’s governing documents, often coordinating with Vista equity teams, facilitating co‑investment and companion vehicles, and tailoring services to fund‑specific objectives and restrictions.

The brochure highlights several features that differentiate VCP from many peers, including an affiliated broker‑dealer (Vista Capital Markets) that provides capital‑markets and underwriting services and a related BDC adviser structure that can co‑invest with Credit Funds. It also discloses marketing and distribution practices that are less common among peers — use of testimonials, endorsements and advertised third‑party ratings — and notes VCP provides consulting or non‑discretionary advisory services to other advisers or third parties and engages in activities involving commodity interests and derivatives.