News Summary

Vistara Growth, a Vancouver-based private credit firm, is preparing to close its fifth technology-focused private credit fund, having already raised $370 million CAD amid rising demand for venture debt. Founded by Randy Garg a decade ago, Vistara has consistently targeted mid- and later-stage tech companies across North America, offering growth capital through tailored investment structures. With $900 million CAD raised over five funds and notable returns, Vistara aims to expand its investor base to include more institutions. Despite challenges in the fundraising environment, Vistara has made significant investments, including in Vancouver’s Clariti Cloud, and anticipates a final close for Fund V with a target between $412 million and $447 million CAD.