A Switzerland-based pension fund sought to redeem all of its shares of a Vista Equity Partners private credit fund, pushing the firm to cap redemptions at 5% during the first quarter.
The name of the pension fund could not be identified, Bloomberg reported. However, Switzerland has one of the region’s largest pension markets. Five funds alone manage over $37.7 billion as of 2025, according to an Investments and Pensions Europe report.
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One of the firm’s most significant investors, Partners Capital, noted on its website that it manages a "bespoke private markets-only mandate for a Swiss pension fund."
The firm has approximately 5.5 million shares of the Vista Credit Strategic Lending Corp fund, U.S. regulatory filings reveal. As of April 30, the firm's share count has dropped by approximately 1.4 million. The firm redeemed approximately 2.4 million shares, staying within its 5% cap, Bloomberg reported.
