Vista Credit Bdc Management, L.P.
SEC-registered
Investment Adviser · Mid-sized ($1B–$10B)
CRD 326611
· SEC file 801-128375
· New York, NY
· www.vistaequitypartners.com
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ADV data as of Jun 04, 2026
- Regulatory AUM
- $1.8B
- Discretionary
- $1.8B
- Clients
- 1
- Avg AUM / client
- $1.8B
- Accounts
- 1
- Employees
- 0
AUM over time
$469M
$1.8B
Nov 2023
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 04, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Business development companies | 1 | $1.8B | 100.0% |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Smith, Robert, Frederick | Chief Executive Officer | Jul 2015 (11y) | 75% or more of Vep Group, Llc (indirect) | |
| Breach, David, Andrew | President | Mar 2022 (4y) | Less than 5% | |
| Burke, Kenneth, Joseph | Chief Compliance Officer | Mar 2022 (4y) | Less than 5% | |
| Dillard, Lauren, Bennett | Chief Financial Officer | Mar 2022 (4y) | Less than 5% | |
| Flannery, David, Jude | Co Chief Investment Officer | Mar 2022 (4y) | Less than 5% | |
| Galligan, Gregory, Thomas | Co Chief Investment Officer | Mar 2022 (4y) | Less than 5% | |
| Schwartz, Alan, Gregory | Chief Legal Officer | Mar 2022 (4y) | Less than 5% | |
| Reinke, Gwen, Gorham | Global Head Of Compliance | Jun 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Vista Credit Gp Holdco, Llc | General Partner | Jun 2023 | A | 75% or more |
| Sapphire Vcbm Pf Holdings Ii Llc | Limited Partner | Sep 2023 | A | 5% – 10% |
| Sapphire Private Funds Holdings Ii Rsc Ltd | Member | Sep 2023 | B | ≈ 3.75% – 10% via Sapphire Vcbm Pf Holdings Ii Llc |
| Lunate Legacy I Lp | Sole Shareholder | Jan 2024 | B | ≈ 2.81% – 10% via Sapphire Private Funds Holdings Ii Rsc Ltd |
| Adq Capital Ventures Legacy I Ltd | Sole Shareholder | Jan 2024 | B | ≈ 2.11% – 10% via Lunate Legacy I Lp |
| Adq Capital Venture Limited | Sole Shareholder | Jan 2024 | B | ≈ 1.58% – 10% via Adq Capital Ventures Legacy I Ltd |
| Abu Dhabi Developmental Holding Company Pjsc | Sole Shareholder | Jan 2024 | B | ≈ 0.89% – 10% via Adq Developmental Holding Llc |
| Abu Dhabi Government | Sole Shareholder | Sep 2023 | B | ≈ 0.67% – 10% via Abu Dhabi Developmental Holding Company Pjsc |
| Adq Developmental Holding Llc | Sole Shareholder | Jan 2024 | B | ≈ 1.19% – 10% via Adq Capital Venture Limited |
| Vep Group, Llc | Initial Member Of Vista Credit Gp Holdco, Llc | May 2023 | B | GP / trustee / elected manager of Vista Credit Gp Holdco, Llc (indirect) |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Sapphire Private Funds Holdings Ii Rsc Ltd: 75% – 100% of Sapphire Vcbm Pf Holdings Ii Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Lunate Legacy I Lp: 75% – 100% of Sapphire Private Funds Holdings Ii Rsc Ltd × 75% – 100% of Sapphire Vcbm Pf Holdings Ii Llc × 5% – 10% direct ≈ 2.81% – 10% of the firm
- Adq Capital Ventures Legacy I Ltd: 75% – 100% of Lunate Legacy I Lp × 75% – 100% of Sapphire Private Funds Holdings Ii Rsc Ltd × 75% – 100% of Sapphire Vcbm Pf Holdings Ii Llc × 5% – 10% direct ≈ 2.11% – 10% of the firm
- Adq Capital Venture Limited: 75% – 100% of Adq Capital Ventures Legacy I Ltd × 75% – 100% of Lunate Legacy I Lp × 75% – 100% of Sapphire Private Funds Holdings Ii Rsc Ltd × 75% – 100% of Sapphire Vcbm Pf Holdings Ii Llc × 5% – 10% direct ≈ 1.58% – 10% of the firm
- Abu Dhabi Developmental Holding Company Pjsc: 75% – 100% of Adq Developmental Holding Llc × 75% – 100% of Adq Capital Venture Limited × 75% – 100% of Adq Capital Ventures Legacy I Ltd × 75% – 100% of Lunate Legacy I Lp × 75% – 100% of Sapphire Private Funds Holdings Ii Rsc Ltd × 75% – 100% of Sapphire Vcbm Pf Holdings Ii Llc × 5% – 10% direct ≈ 0.89% – 10% of the firm
- Abu Dhabi Government: 75% – 100% of Abu Dhabi Developmental Holding Company Pjsc × 75% – 100% of Adq Developmental Holding Llc × 75% – 100% of Adq Capital Venture Limited × 75% – 100% of Adq Capital Ventures Legacy I Ltd × 75% – 100% of Lunate Legacy I Lp × 75% – 100% of Sapphire Private Funds Holdings Ii Rsc Ltd × 75% – 100% of Sapphire Vcbm Pf Holdings Ii Llc × 5% – 10% direct ≈ 0.67% – 10% of the firm
- Adq Developmental Holding Llc: 75% – 100% of Adq Capital Venture Limited × 75% – 100% of Adq Capital Ventures Legacy I Ltd × 75% – 100% of Lunate Legacy I Lp × 75% – 100% of Sapphire Private Funds Holdings Ii Rsc Ltd × 75% – 100% of Sapphire Vcbm Pf Holdings Ii Llc × 5% – 10% direct ≈ 1.19% – 10% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/04/2026 | 1.14 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 04, 2026.
View current Form ADV (SEC/IAPD) ↗