Filing Details
- Accession Number:
- 0001011438-24-000289
- Form Type:
- 13D Filing
- Publication Date:
- 2024-03-27 20:00:00
- Filed By:
- Abu Dhabi Developmental Holding Co Pjsc
- Company:
- Vista Credit Strategic Lending Corp.
- Filing Date:
- 2024-03-28
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Abu Dhabi Developmental Holding Company PJSC | 0 | 0 | 1,461,771 | 0 | 1,461,771 | 24.99% |
Sapphire Private Funds Holdings II RSC Ltd | 0 | 0 | 1,461,771 | 0 | 1,461,771 | 24.99% |
Khalifa Alsuwaidi | 0 | 0 | 0 | 0 | 0 | 0% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________________________________________
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)*
___________________________________________________
Vista Credit Strategic Lending Corp.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title and Class of Securities)
U9224Y103
(CUSIP Number)
Bashar Al-Rousan
Abu Dhabi Developmental Holding Company PJSC
Capital Gate
10th Floor, Al Khaleej Al Arabi Street
Abu Dhabi, United Arab Emirates
+971 2 204 0000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 26, 2024
(Date of Event Which Requires Filing of Statement)
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 Rule 13d-1(e),
Rule 13d-1(f) or Rule 13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall
include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page. |
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).
Schedule 13D
CUSIP No. U9224Y103 | |
(1) | | Name of Reporting Persons: Abu Dhabi Developmental Holding Company PJSC | ||||
(2) | | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☐ | ||||
(3) | | SEC Use Only: | ||||
(4) | | Source of Funds (See Instructions): AF | ||||
(5) | | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ☐ | ||||
(6) | | Citizenship or Place of Organization: The Emirate of Abu Dhabi, United Arab Emirates | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | | (7) | | Sole Voting Power 0 | ||
| (8) | | Shared Voting Power 0 (1) | |||
| (9) | | Sole Dispositive Power 1,461,771.757 | |||
| (10) | | Shared Dispositive Power 0 | |||
(11) | | Aggregate Amount Beneficially Owned by Each Reporting Person: 1,461,771.757 | ||||
(12) | | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ☐ | ||||
(13) | | Percent of Class Represented by Amount in Row (11): 24.99% (2) | ||||
(14) | | Type of Reporting Person (See Instructions): CO |
(1) See Item 4 disclosure on Voting Trust Agreement.
(2) Based on 5,850,392.830 shares of Common Stock of Vista Credit Strategic Lending Corp. (the “Issuer”) outstanding as of March 26, 2024, based on information received from the Issuer.
Schedule 13D
CUSIP No. U9224Y103 | |
(1) | | Name of Reporting Persons: Sapphire Private Funds Holdings II RSC Ltd | ||||
(2) | | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☐ | ||||
(3) | | SEC Use Only: | ||||
(4) | | Source of Funds (See Instructions): WC | ||||
(5) | | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ☐ | ||||
(6) | | Citizenship or Place of Organization: Abu Dhabi Global Market, United Arab Emirates | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | | (7) | | Sole Voting Power 0 | ||
| (8) | | Shared Voting Power 0 (1) | |||
| (9) | | Sole Dispositive Power 1,461,771.757 | |||
| (10) | | Shared Dispositive Power 0 | |||
(11) | | Aggregate Amount Beneficially Owned by Each Reporting Person: 1,461,771.757 | ||||
(12) | | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ☐ | ||||
(13) | | Percent of Class Represented by Amount in Row (11): 24.99% (2) | ||||
(14) | | Type of Reporting Person (See Instructions): CO |
(1) See Item 4 disclosure on Voting Trust Agreement.
(2) Based on 5,850,392.830 shares of Common Stock of the Issuer outstanding as of March 26, 2024, based on information received from the Issuer.
Schedule 13D
CUSIP No. U9224Y103 | |
(1) | | Name of Reporting Persons: Khalifa Alsuwaidi | ||||
(2) | | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☐ | ||||
(3) | | SEC Use Only: | ||||
(4) | | Source of Funds (See Instructions): AF | ||||
(5) | | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ☐ | ||||
(6) | | Citizenship or Place of Organization: United Arab Emirates | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | | (7) | | Sole Voting Power 0 | ||
| (8) | | Shared Voting Power 0 (1) | |||
| (9) | | Sole Dispositive Power 0 (1) | |||
| (10) | | Shared Dispositive Power 0 | |||
(11) | | Aggregate Amount Beneficially Owned by Each Reporting Person: 0 (1) | ||||
(12) | | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ☐ | ||||
(13) | | Percent of Class Represented by Amount in Row (11): 0% (1) | ||||
(14) | | Type of Reporting Person (See Instructions): IN |
(1) See Item 2.
AMENDMENT NO. 3 TO SCHEDULE 13D
The following constitutes Amendment No. 3 (“Amendment No. 3”) to the Schedule 13D filed with the Securities and Exchange Commission (“SEC”) by Abu Dhabi Developmental Holding Company PJSC
(“ADQ”), Sapphire Private Funds Holdings II RSC Ltd (“Sapphire II”) and Khalifa Alsuwaidi on October 12, 2023, as amended by Amendment No. 1 filed on November 13, 2023, and Amendment No. 2 filed on December 21, 2023. This Amendment No. 3 amends and
supplements the Schedule 13D as specifically set forth herein.
All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D, as amended. Information given in response to each item shall
be deemed incorporated by reference in all other items, as applicable.
ITEM 2. | IDENTITY AND BACKGROUND |
Item 2 of the Schedule 13D is hereby amended and restated as follows:
(a) The persons filing this Schedule 13D (collectively, the “Reporting Persons”) are:
1. | Abu Dhabi Developmental Holding Company PJSC (“ADQ”) |
2. | Sapphire Private Funds Holdings II RSC Ltd (“Sapphire II”) |
3. | Khalifa Alsuwaidi |
(b) The business address or address of its principal office, as applicable, of the Reporting Persons is:
With respect to ADQ:
Capital Gate
10th Floor, Al Khaleej Al Arabi Street
Abu Dhabi, United Arab Emirates
With respect to Sapphire II and Khalifa Alsuwaidi:
Floor 12, Al Maryah Tower,
Abu Dhabi Global Market Square, Al Maryah Island
Abu Dhabi, United Arab Emirates
(c) Each of the Reporting Persons is engaged in the business of investing. ADQ is an Abu Dhabi-based investment and holding company that is wholly owned by the Government of the Emirate of Abu
Dhabi. ADQ is managed by its board of directors. Schedule A hereto sets forth the names and other required information regarding the members of ADQ’s board of directors and ADQ’s executive officers (collectively, the “Schedule A Persons”).
None of the Schedule A Persons beneficially owns any securities of the Issuer. Sapphire II is an indirect wholly owned subsidiary of ADQ whose principal business is the making and holding of investments. Sapphire II is the direct holder of the
shares of Common Stock reported herein. Schedule B hereto sets forth the names and other required information regarding the members of Sapphire II’s board of directors (collectively, the “Schedule B Persons”, and together with the Schedule A
Persons, the “Scheduled Persons”). None of the Schedule B Persons beneficially owns any securities of the Issuer. As Khalifa Alsuwaidi is no longer the sole director of Sapphire II, he no longer may be deemed to beneficially own the shares of
Common Stock held by Sapphire II and therefore will no longer be included as a Reporting Person in future Schedule 13D amendments.
(d) and (e) During the past five years, none of the Reporting Persons nor any of the Scheduled Persons has been (i) convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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.
(f) The citizenship with respect to a natural person or state of organization with respect to an entity, as applicable, of the Reporting Persons is as follows:
1. | ADQ – Abu Dhabi, United Arab Emirates |
2. | Sapphire II – Abu Dhabi Global Market, United Arab Emirates |
3. | Khalifa Alsuwaidi – United Arab Emirates |
ITEM 3. | SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION |
Item 3 of this Schedule 13D is supplemented and superseded, as the case may be, as follows:
The information in Item 4 is incorporated herein by reference. The shares of Common Stock of the Issuer were purchased by Sapphire II with the working capital of Sapphire II.
ITEM 4. | PURPOSE OF TRANSACTION |
Item 4 of this Schedule 13D is supplemented and superseded, as the case may be, as follows:
On March 15, 2024, the Issuer delivered a Drawdown Notice to Sapphire II to fund an amount equal to $9,996,485.30 (the “Fourth Drawdown Amount”) with a Drawdown Date of March
26, 2024. Sapphire II paid the Fourth Drawdown Amount to the Issuer to purchase 510,024.760 shares of Common Stock at a per share purchase price of $19.60, with such price and number of shares of Common Stock being determined by the Issuer on
March 26, 2024.
ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER |
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a) and (b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference. Such information is based on 5,850,392.830 shares of Common Stock of
the Issuer outstanding as of March 26, 2024, based on information received from the Issuer. The shares of Common Stock reported herein are directly held and beneficially owned by Sapphire II. ADQ, which indirectly wholly owns Sapphire II, may be
deemed the beneficial owner of the shares of Common Stock directly held by Sapphire II. The information in Item 4 regarding voting power over the shares of Common Stock reported herein under the Voting Trust Agreement and the termination provisions
of the Voting Trust Agreement is incorporated herein by reference.
(c) The information in Items 3 and 4 is incorporated herein by reference. Except as disclosed in this Schedule 13D, as amended, there have been no transactions by the Reporting Persons or the
Scheduled Persons in the securities of the Issuer during the past sixty days.
(d) The disclosure regarding the relationship between the Reporting Persons in Item 2(c) of this Schedule 13D is incorporated herein by reference.
(e) The disclosure in Item 2(c) regarding Khalifa Alsuwaidi no longer beneficially owning any shares of Common Stock is incorporated herein by reference. Mr. Alsuwaidi no longer beneficially
owned any shares of Common Stock as of January 23, 2024.
ITEM 6. | CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER |
Item 6 of this Schedule 13D is supplemented and superseded, as the case may be, as follows:
The information in Item 4 is incorporated herein by reference.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated as of March 28, 2024
ABU DHABI DEVELOPMENTAL HOLDING COMPANY PJSC | ||
By: | | /s/ Mohamed Alsuwaidi |
Name: | | Mohamed Alsuwaidi |
Title: | | Managing Director and Chief Executive Officer |
SAPPHIRE PRIVATE FUNDS HOLDINGS II RSC LTD | ||
By: | | /s/ Peter Howley |
Name: | | Peter Howley |
Title: | | Director, Authorized Signatory |
| | |
KHALIFA ALSUWAIDI
By: | | /s/ Khalifa Alsuwaidi |
SCHEDULE A
Set forth below are the members of the Board of Directors of ADQ.
Name | Business Address | Present Principal Occupation | Citizenship |
H.H. Sheikh Tahnoon bin Zayed Al Nahyan | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Chairman | United Arab Emirates |
H.E. Jassem Mohamed Bu Ataba Alzaabi | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Vice Chairman | United Arab Emirates |
H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Board Member | United Arab Emirates |
H.E. Sheikh Abdullah bin Mohamed Al Hamed | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Board Member | United Arab Emirates |
H.E. Mohamed Hassan Alsuwaidi | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Board Member, Managing Director & Chief Executive Officer | United Arab Emirates |
H.E. Abdulhamid Mohammed Saeed | Capital Gate 10th Floor, Al Khaleej Al Arabi Street. Abu Dhabi, United Arab Emirates | Board Member | United Arab Emirates |
H.E. Mohamed Mubarak Fadel Al Mazrouei | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Board Member | United Arab Emirates |
Fadhel Abdulbaqi Al Ali | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Board Member | United Arab Emirates |
Kaj-Erik Relander | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Board Member | Finland |
Set forth below are the executive officers of ADQ.
Name | Business Address | Present Principal Occupation | Citizenship |
H.E. Mohamed Hassan Alsuwaidi | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Board Member, Managing Director & Chief Executive Officer of ADQ | United Arab Emirates |
Anas Jawdat Albarguthi | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Chief Operating Officer | United Arab Emirates |
Bashar Al-Rousan | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Chief Legal and Compliance Officer | United Arab Emirates |
Dr. Jaap Kalkman | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Group Chief Investment Officer | The Netherlands |
Louay Abou Chanab | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Chief Strategy Officer | Canada |
Marcos de Quadros | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Chief Financial Officer | Brazil |
Susan Daniel | Capital Gate 10th Floor, Al Khaleej Al Arabi Street, Abu Dhabi, United Arab Emirates | Chief Risk Officer | United Kingdom |
SCHEDULE B
Set forth below are the members of the Board of Directors of Sapphire II.
Name | Business Address | Present Principal Occupation | Citizenship |
Hoon Cha | Floor 12, Al Maryah Tower, Abu Dhabi Global Market Square, Al Maryah Island Abu Dhabi, United Arab Emirates | Senior Partner, Lunate Capital Limited | South Korea |
Peter Anthony Howley | Floor 12, Al Maryah Tower, Abu Dhabi Global Market Square, Al Maryah Island Abu Dhabi, United Arab Emirates | Senior Partner and Chief Legal Officer, Lunate Capital Limited | United Kingdom |
Jason Alexander Loveless | Floor 12, Al Maryah Tower, Abu Dhabi Global Market Square, Al Maryah Island Abu Dhabi, United Arab Emirates | Senior Partner, Operations, Lunate Capital Limited | United Kingdom |