Document


Monica J. Shilling, P.C. Kirkland & Ellis LLP 2049 Century Park East, Suite 3700 Los Angeles, CA 90067 (310) 552-4200						Nicole M. Runyan, P.C. Kirkland & Ellis LLP 601 Lexington Avenue New York, New York (212) 446-4800

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


1	NAME OF REPORTING PERSONS Vista Credit BDC Management, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 1,250
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER 1,250
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,250
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% (1)
14	TYPE OF REPORTING PERSON PN



1	NAME OF REPORTING PERSONS Vista Credit GP Holdco, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 1,250
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER 1,250
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,250
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% (1)
14	TYPE OF REPORTING PERSON OO, HC


1	NAME OF REPORTING PERSONS VHG Capital, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 6,250
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER 6,250
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,250
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.5% (1)
14	TYPE OF REPORTING PERSON PN


1	NAME OF REPORTING PERSONS VEP Group, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 7,500
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER 7,500
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,500
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% (1)
14	TYPE OF REPORTING PERSON OO, HC


1	NAME OF REPORTING PERSONS Robert F. Smith
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS OO
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 7,500
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER 7,500
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,500
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% (1)
14	TYPE OF REPORTING PERSON IN

The class of equity security to which this Statement on Schedule 13D relates is shares of common stock, par value $0.01 per share (“Common Stock”) of Vista Credit Strategic Lending Corp., a Maryland corporation (the “Issuer”). The address of the Issuer’s principal executive office is 55 Hudson Yards, Fl. 28, New York, NY 10001.

(a), (f) This Statement is being jointly filed by each of the following persons pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange Commission (the “Commission”) pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”):

Each of the Adviser, Holdco, VHG, VEP Group and Robert F. Smith are sometimes referred to herein individually as a “Reporting Person” and collectively as the “Reporting Persons.” Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of information by another Reporting Person.

(b)The address of the principal business and principal office of the Adviser is c/o Vista Credit Strategic Lending Corp., 55 Hudson Yards, Fl. 28, New York, NY 10001. The address of the principal business and principal office of Holdco, VHG and VEP Group is c/o Vista Equity Partners, 4 Embarcadero Center, 20th Fl., San Francisco, CA 94111. The principal business and principal office of Mr. Smith is c/o Vista Equity Partners, 401 Congress Drive, Suite 3100, Austin, TX 78701.

(c)The principal business of the Adviser is to serve as the investment adviser and administrator to the Issuer, making capital contributions to the Issuer and doing all things necessary or incidental thereto. The principal business of the Holdco, VHG and VEP Group is to make investments primarily in securities of companies in the software and technology-enabled solutions sector, to dispose of such investments and to distribute the proceeds therefrom. The principal occupation of Mr. Smith is serving as the sole managing manager of VEP Group.

(e)During the past five years, none of the Reporting Persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

On June 16, 2023 the Adviser purchased 1,250 shares of Common Stock of the Issuer as a seed investment in the Issuer for an aggregate purchase price of $25,000, or $20.00 per shares of Common Stock. The source of funds for such purchase was working capital.

Pursuant to an aggregate capital commitment of $50,000,000, on July 10, 2023, VHG purchased 6,250 shares of Common Stock at a price of $20.00 per share of Common Stock, for an aggregate purchase price of $125,000. The source of funds for such purchase was working capital.

The Reporting Persons acquired and hold the Common Stock for investment purposes. Depending on market conditions and other factors (including evaluation of the Issuer’s businesses and prospects, availability of funds, alternative uses of funds and general economic conditions), the Reporting Persons may from time to time acquire additional securities of the Issuer or dispose of all or a portion of their investment in the Vista Entities and/or the Issuer.

Except as set forth in the preceding paragraph and in Item 6 of this Schedule 13D, as of the date hereof, the Reporting Persons do not have any plan or proposal that relates to or would result in any of the transactions enumerated in sub items (a) through (j) of the instructions to Item 4 of this Schedule 13D.

(a)The following information is as of the date hereof and assumes there are 59,576.50 shares of Common Stock outstanding as of October 2, 2023, based on information furnished by the Issuer.

The Adviser is the direct beneficial owner of 1,250 shares of Common Stock. The Common Stock held by the Adviser represents 2.1% of the Common Stock outstanding as of the date of this Statement. Holdco is the sole general partner of the Adviser. Holdco’s sole member is VEP Group.

VHG is the direct beneficial owner of 6,250 shares of Common Stock. The Common Stock held by VHG represents 10.5% of the Common Stock outstanding as of the date of this Statement. VEP Group is the general partner of VHG..

Robert F. Smith is the sole managing member of VEP Group. Consequently, Mr. Smith and VEP Group may be deemed the beneficial owners of the shares held directly by the Adviser and VHG. Each of the Vista Entities and Mr. Smith expressly disclaim beneficial ownership of any shares not held directly and the filing of this Statement shall not be construed as an admission that any of the foregoing is, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement.

(b)By virtue of the relationship among the Reporting Persons described in Item 2, each such Reporting Person may be deemed to share the power to vote or direct the vote and to share the power to dispose of or direct the disposition of the shares of Common Stock as set forth in rows 7 through 13 of the cover pages of this Statement.

(d)Except as stated within this Item 5, to the knowledge of the Reporting Persons, only the Reporting Persons have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Common Stock of the Issuer reported by this Statement.

The Issuer entered into that certain Investment Advisory Agreement, dated as of June 16, 2023 (as it may be amended, restated, supplemented and/or otherwise modified from time to time in accordance with its terms, the “Investment Advisory Agreement”), by and among the Issuer and the Adviser pursuant to which the Issuer will pay management fees and incentive fees to the Adviser. In addition, pursuant to the Investment Advisory Agreement and

that certain Administration Agreement, dated as of June 16, 2023 (as it may be amended, restated, supplemented and/or otherwise modified from time to time in accordance with its terms, the “Administration Agreement”), by and among the Issuer and the Adviser, the Issuer will reimburse the Adviser for certain expenses as they occur. The Investment Advisory Agreement and the Administration Agreement have been approved by the board of directors of the Issuer (the “Board”). Unless earlier terminated, the Investment Advisory Agreement will remain in effect for a period of two years from the date it first became effective and will remain in effect from year-to-year thereafter if approved annually by a majority of the Board or by the holders of a majority of the outstanding shares of Common Stock and, in each case, a majority of the independent directors.

This summary is qualified in its entirety by reference to the texts of the Investment Advisory Agreement and Administration Agreement, which are attached hereto as Exhibits 2 and 3, respectively, and are incorporated by reference.

VHG has committed to purchase up to $50,000,000 of Common Stock, of which $125,000, representing 6,250 shares of Common Stock, have been purchased as of the date hereof. Pursuant to the subscription agreement, additional Common Stock will be purchased upon the Issuer’s delivery of a capital drawdown notice to VHG. Common Stock will be purchased at a price per share of Common Stock equal to the most recent net asset value per share of Common Stock.

The foregoing description of the subscription agreement set forth in this Item 6 does not purport to be complete and is qualified in its entirety by reference to the full text of the form of subscription agreement which is filed as Exhibit 4 hereto and are incorporated herein by reference.

Except as referenced herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons or between such Reporting Persons and any other person with respect to any securities of the Issuer.


Exhibit 1						Joint Filing Agreement among the Reporting Persons, dated as of October 12, 2023.

Exhibit 2						Investment Advisory Agreement, dated June 16, 2023, by and among the Adviser and the Issuer (filed by the Issuer as Exhibit 10.1 to the Issuer’s Registration of Securities on Form 10 on July 28, 2023).

Exhibit 3						Administration Agreement, dated June 16, 2023, by and among the Adviser and the Issuer (filed by the Issuer as Exhibit 10.2 to the Issuer’s Registration of Securities on Form 10 on July 28, 2023).

Exhibit 4						Form of Subscription Agreement (filed by the Issuer as Exhibit 4.1 of the Issuer’s Registration of Securities on form 10 on July 28, 2023).

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct.


VISTA CREDIT BDC MANAGEMENT, L.P.

By:						Vista Credit GP Holdco, LLC
Its:						General Partner

By:						VEP Group, LLC
Its:						Sole Member

By:						/s/ Robert F. Smith
Name:						Robert F. Smith
Title:						Managing Member

VISTA CREDIT GP HOLDCO, LLC

By:						VEP Group, LLC
Its:						Sole Member

By:						/s/ Robert F. Smith
Name:						Robert F. Smith
Title:						Managing Member

VHG CAPITAL, L.P.

By:						VEP Group, LLC
Its						General Partner

By:						/s/ Robert F. Smith
Name:						Robert F. Smith
Title:						Managing Member

VEP GROUP, LLC
By:						/s/ Robert F. Smith
Name:						Robert F. Smith
Title:						Managing Member

/s/ Robert F. Smith
Robert F. Smith

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the shares of common stock, par value $0.01 per share, of Vista Credit Strategic Lending Corp., a Maryland corporation (the “Issuer”), unless and until a Reporting Person shall give written notice to the other Reporting Persons that it wishes to make separate Schedule 13D filings.

The undersigned further agree that each party hereto is responsible for timely filing of such Statement on Schedule 13D and any further amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein, provided that no party is responsible for the completeness and accuracy of the information concerning the other party, unless such party knows or has reason to believe that such information is inaccurate. The undersigned further agree that this Agreement shall be included as an Exhibit to such joint filing.


VISTA CREDIT BDC MANAGEMENT, L.P.

By:						Vista Credit GP Holdco, LLC
Its:						General Partner

By:						VEP Group, LLC
Its:						Sole Member

By:						/s/ Robert F. Smith
Name:						Robert F. Smith
Title:						Managing Member

VISTA CREDIT GP HOLDCO, LLC

By:						VEP Group, LLC
Its:						Sole Member

By:						/s/ Robert F. Smith
Name:						Robert F. Smith
Title:						Managing Member

VHG CAPITAL, L.P.

By:						VEP Group, LLC
Its:						General Partner

By:						/s/ Robert F. Smith
Name						Robert F. Smith
Title						Managing Member

VEP GROUP, LLC
By:						/s/ Robert F. smith
Name:						Robert F. Smith
Title:						Managing Member

/s/ Robert F. Smith
Robert F. Smith