Vistara Capital launches third tech debt fund at $100 mln target

Vistara Capital Partners has set a target of about $100 million for its third technology debt fund, according to a news release. Vistara Technology Growth Fund III launched with initial committed capital of about $40 million, supplied primarily by returning investors, the release said. The Vancouver firm’s limited partners, which include family offices, foundations and tech executives, will also contribute co-investment resources. Fund III will maintain Vistara’s strategy of providing flexible, tailored debt financing to mid-to-late-stage tech companies looking to fuel growth without giving up control, resetting valuations or diluting existing ownership. It will invest $5 million to $15 million in senior or subordinated debt per deal, with a focus on founder-owned or venture-backed tech companies located across North America.