Vancouver, Canada-based growth capital firm Vistara Capital Partners raised $80m for its fund I.
Investors in Vistara Capital Partners Fund I LP, included entrepreneurs and C-level executives from the technology sector and other industries, high net worth and family office investors, private foundations, and its two co-founders, Fabio Banducci and Randy Garg, who have together committed in excess of 10% of the first closing amount as the General Partner.
Vistara, which is targeting an overall fund size of $100 million, provides growth capital financing (debt and/or equity) to mid-later stage companies ($10 million to $200 million in revenue, and at or near cash flow positive) in the technology and technology-enabled services sectors across Canada and west coast of the US.
The fund will invest in both private and public companies, providing between $5 million and $15 million per investment, with additional co-investment capacity through its network of LPs. Investments will typically be structured in the form of: non-amortizing (interest only) term debt; convertible debt; standby facilities; and/or minority equity solutions.
Vistara will be looking to invest in 10 to 15 companies over the life of this first fund.
FinSMEs
20/05/2015