The transaction strengthens a long-standing collaboration between Ryan Beedie, president of the real estate giant Beedie, and Vistara founder Randy Garg. Since Garg spun Vistara out of Beedie Capital in 2015, the firm has raised over US$700 million across five funds, consistently ranking among the top 10 global private credit funds under US$500 million. By securing a 50% stake, Beedie Capital intends to anchor the new Vistara Growth Structured Opportunities Fund with a commitment of up to US$125 million.
Beedie Capital Takes 50% Stake in Vistara Growth
A 35-year friendship between MBA classmates has evolved into a major financial integration, as Vancouver-based Beedie Capital acquires a 50% ownership stake in Vistara Growth. The deal positions Beedie as the primary anchor for Vistara’s upcoming US$500 million growth fund, slated for launch this fall.
Despite the deepened financial ties, both firms will retain their distinct operational identities. Garg noted that the partnership arrives at a critical juncture, as market uncertainty surrounding AI and broader economic forces creates a unique environment for technology financing. Vistara plans to utilize the combined resources—leveraging Beedie’s permanent capital base and investment reach—to continue providing flexible growth debt and equity to mid-later stage technology companies across North America.
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