Vistara recruits Kenley as investments director

Canadian growth-stage financing firm Vistara Capital Partners has hired Neil Kenley as a director of investments based in Toronto with responsibility for eastern Canada and the U.S.

Canadian growth-stage financing firm Vistara Capital Partners has hired Neil Kenley as a director of investments based in Toronto with responsibility for eastern Canada and the U.S. Kenley joins Vistara from Element AI where he helped develop product roadmaps, negotiate partnerships and raise over $200 million in venture financing.

PRESS RELEASE

Vistara proudly welcomes Neil Kenley to the team as Director, Investments based in Toronto with dedicated coverage for eastern Canada and the US.

Neil brings ten years of diverse experience across strategy, corporate development, private debt and investment banking to the team. Neil joins Vistara from Element AI, an enterprise Artificial Intelligence technology company, where he helped develop product roadmaps, negotiate partnerships and raise over $200M in venture financing. Prior to Element AI, Neil honed his investment acumen at middle-market credit focused investor Penfund and advised on equity, debt, and M&A transactions at RBC Capital Markets.

With Neil’s addition, Vistara formally establishes its presence on the East Coast to expand on existing technology company investments in Toronto, Ottawa, New York, Chicago, Philadelphia, Raleigh and Orlando. Vistara has deployed over half of its latest US$115 million (CAD$150 million) Vistara Technology Growth Fund III LP across seven technology companies. Neil will assist with placing the balance of the current fund and strengthens Vistara’s investment platform ahead of its anticipated expansion of investment activities based on the strong and consistent performance its first three funds.

“Neil is a great fit with our team with a clear passion for supporting ambitious technology leaders across North America,” said Randy Garg, Founder and Managing Partner. “Our activity levels have never been higher as the broader technology sector experiences tighter credit conditions from traditional lenders coupled with challenges on equity valuations, making our form of flexible growth debt financing a highly desirable solution.”

About Vistara Capital Partners
Headquartered in Vancouver BC, Vistara Capital provides highly flexible and less dilutive growth debt and hybrid debt-equity financing solutions for mid-late stage technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling the growth and expansion of its portfolio companies. Additional information is available at www.vistaracapital.com.