VistaOne, L.P. Reports $24.2M Unregistered Sale of Partnership Units

What Happened
VistaOne, L.P. filed an 8-K on September 29, 2026, disclosing that, as of September 1, 2026, it sold unregistered limited partnership units (the “Units”) for aggregate consideration of approximately $24.2 million. The number of Units sold was finalized on September 29, 2026 after the Fund calculated its Transactional Net Asset Value (Transactional NAV) as of August 31, 2026. The filing was signed by Lauren B. Dillard, Principal Financial Officer and Principal Accounting Officer.

Key Details

• Total proceeds: approximately $24,188,075 (reported as ~$24.2M).
• Units sold by class (finalized Sept 29, 2026):
  • Class B: 2,016 units — $63,000
  • Class I: 334,918 units — $10,539,075
  • Class R: 510,793 units — $13,131,000
  • Class S: 14,641 units — $455,000
• Offering details: sales were part of the Fund’s continuous private offering and were exempt from registration under Section 4(a)(2), including Regulation D and Regulation S. Some Units were sold through VistaOne (TE), L.P., formed for investors with specific tax characteristics (e.g., tax-exempt and non-U.S. investors).
• Exhibit included: Transactional Net Asset Value as of August 31, 2026 (Exhibit 99.1).

Why It Matters
This filing notifies investors that the Fund raised roughly $24.2M through private, unregistered unit sales—important for existing and prospective limited partners tracking capital inflows and changes to outstanding units. Because the sales were exempt private placements (Reg D/Reg S), they do not reflect a registered public offering; the use of a TE vehicle indicates participation by tax-exempt and non-U.S. investors. Investors should note the timing (Transactional NAV as of Aug 31, finalized Sept 29) when assessing NAV dilution or changes in ownership stakes.