Private Debt Club Lends $2.5 Billion for Vista’s Avalara Buyout

A group of private lenders led by Blue Owl Capital Inc. has agreed to provide a $2.5 billion loan to finance Vista Equity Partners’ acquisition of Avalara Inc., according to people with knowledge of the matter.

Apollo Global Management Inc. and HPS Investment Partners are also part of the financing, which was structured as a recurring-revenue loan, according to the people, who asked not to be identified discussing a private transaction.