Vistara raises $150m for first close; targeting $400m for Fund V

Vistara Growth has successfully achieved an initial closing of over $150 million for its Vistara Technology Growth Fund V, a significant step towards its $400 million target. The rapid completion of this closing within just four weeks from launch reflects heightened commitments from existing Vistara limited partners.

Since its establishment in 2015, Vistara has amassed a substantial $500 million, primarily sourced from non-institutional channels such as family offices, entrepreneurs, and private foundations, predominantly centered in British Columbia. As part of its strategic expansion, Vistara aims to diversify its investor base by attracting pension funds and other institutional investors. Geographically, the firm plans to extend its reach by introducing investment vehicles for both US and international investors. The ultimate goal is to conclude the fundraising efforts by the first half of 2024, showcasing Vistara's commitment to sustained growth and broadening its influence in the private equity landscape.