# EDGAR Filing Document

**Accession Number:** 0002044820
**File Stem:** 0002044820-26-000023
**Filing Date:** 2026-5
**Character Count:** 14908
**Document Hash:** eca84f37b3bf6b59b130c9a333259ef4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002044820-26-000023.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0002044820-26-000023

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20260520

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VistaOne, L.P.
- **CENTRAL INDEX KEY:** 0002044820
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 331386882
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56714
- **FILM NUMBER:** 261027059

**BUSINESS ADDRESS:**
- **STREET 1:** FOUR EMBARCADERO CENTER, 20TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** (415) 765-6500

**MAIL ADDRESS:**
- **STREET 1:** FOUR EMBARCADERO CENTER, 20TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111

?xml version='1.0' encoding='ASCII'? 8-K

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

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**FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported):** **May 20, 2026**

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VistaOne, L.P.

**(Exact Name of Registrant as Specified in Charter)**

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| | | |
|:---|:---|:---|
| Delaware | 000-56714 | 33-1386882 |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |

---

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| | |
|:---|:---|
| Four Embarcadero Center**,** 20th Floor<br>San Francisco**,** California | 94111 |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

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(415) 765-6500

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange**<br>**on which registered** |
| None. | None. | None. |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

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**Item 3.02. Unregistered Sales of Equity Securities.**

As of May 1, 2026, VistaOne, L.P. (the "Fund") sold unregistered limited partnership units (the "Units") for aggregate consideration of approximately $23.6 million.

The following table provides details on the Units sold by the Fund to third-party investors:

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| | | |
|:---|:---|:---|
| **<u>Class</u>** | **Number of Units Sold**<sup>(12)</sup> | **Aggregate<br>Consideration**<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Class B | 187162 | $5741333 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class I | 500054 | $15422012 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class S | &nbsp;&nbsp;&nbsp;&nbsp;79673 | $2435000 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)The number of Units sold by the Fund was finalized on May 27, 2026, following the calculation of the Fund's transactional net asset value ("Transactional NAV") as of April 30, 2026. Refer to Item 8.01 below for information on the Fund's Transactional NAV.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Unit and dollar amounts are rounded to the nearest whole number.

The offer and sale of the Units were made as part of the Fund's continuous private offering and were exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2), including Regulation D and Regulation S thereunder. Units presented above were sold to third-party investors, including through VistaOne (TE), L.P., a Delaware limited partnership formed for certain investors with particular tax characteristics, such as tax-exempt investors and non-U.S. investors.

**Item 8.01. Other Events.**

***Transactional Net Asset Value***

The Transactional NAV per Unit for each class of the Fund as of April 30, 2026, is as follows:

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| | |
|:---|:---|
| **<u>Class of Units</u>** | **Transactional NAV per<br>Unit**  |
| &nbsp;&nbsp;&nbsp;&nbsp;Class A-B | $30.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class B | $30.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class A-D | $30.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class A-I | $30.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class I | $30.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class A-S | $30.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class S | $30.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class R | $25.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class E | $32.29 |

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As of April 30, 2026, no Class D or Class V Units were outstanding.

The Fund calculates Transactional NAV for purposes of establishing the price at which subscriptions and repurchases of the Fund's Units are made. The Fund will also post the Transactional NAV per Unit on its website at https://pws.vistaequitypartners.com, but the contents of the website are not incorporated by reference in or otherwise a part of this Current Report on Form 8-K.

For additional information, please refer to Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

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***Unit Repurchase Program***

The Fund offers a Unit repurchase program pursuant to which, on a quarterly basis, Unitholders may request that the Fund repurchase all or a portion of their outstanding Units. The Fund may repurchase fewer Units than have been requested in any particular quarter to be repurchased under the repurchase program, or none at all, in the Fund's discretion. In addition, under the repurchase program, the aggregate net asset value of total repurchases of Class A-B Units, Class B Units, Class A-D Units, Class D Units, Class A-I Units, Class I Units, Class A-S Units, Class S Units, Class R Units and Class E Units will be limited to no more than 5% of the Fund's aggregate net asset value attributable to such classes of Units per calendar quarter (measured using the average aggregate net asset value attributable to Unitholders as of the end of the immediately preceding calendar quarter). The General Partner may make exceptions to, modify or suspend the Unit repurchase program if it deems such action to be in the Fund's best interest and the best interest of the holders of Class A-B Units, Class B Units, Class A-D Units, Class D Units, Class A-I Units, Class I Units, Class A-S Units, Class S Units, Class R Units and Class E Units.

On May 20, 2026, the Fund repurchased Class A-B Units, Class A-D Units, Class A-I Units and Class A-S Units, including through VistaOne (TE), L.P.'s investment in Class A-I Units of the Fund, in the following amounts, pursuant to its Unit repurchase program:

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| | | |
|:---|:---|:---|
| **Total Number of Units Purchased** | **Average Price Paid Per Unit**<sup>(1)</sup> | **Aggregate Consideration for Units Purchased** |
| 1538720 | $30.48 | $46923919 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Average Price Paid per Unit inclusive of the 5% early repurchase deduction, as applicable.

**Item 9.01. Financial Statements and Exhibits.**

**(d) Exhibits**

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| 99.1 | [<u>Transactional Net Asset Value as of April 30, 2026</u>](ck0002044820-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **VistaOne, L.P.** | **VistaOne, L.P.** |
| Date: May 27, 2026 | By: | /s/ Heather Wilkins |
|  | Name: | Heather Wilkins |
|  | Title: | Principal Financial Officer and Principal Accounting Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**Net Asset Value**

VistaOne, L.P. (the "Fund") calculates net asset value by deducting all accrued fees, expenses and other liabilities of the Fund from the fair value of investments, determined in accordance with valuation policies and procedures approved by the Fund's General Partner, and other assets and receivables held by the Fund. The Fund's transactional net asset value ("Transactional NAV") is calculated for purposes of establishing the price at which subscriptions and repurchases of the Fund's limited partnership units (the "Units") are made. Transactional NAV per Unit differs from the Fund's net asset value per Unit for financial reporting purposes as determined in accordance with accounting principles generally accepted in the United States of America ("GAAP NAV").

The following table provides details of the major components of the Fund's Transactional NAV as of April 30, 2026<sup>(1)</sup>:

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Components of Transactional NAV</u>** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value (cost of $1,338,764) | $1515573 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 201669 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 6537 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities<sup>(2)</sup> | (121081) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued performance participation allocation | (157) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued servicing fees<sup>(3)</sup> | (699) |
| &nbsp;&nbsp;&nbsp;&nbsp;Management fee payable | (1941) |
| &nbsp;&nbsp;&nbsp;&nbsp;General Partner redeemable non-controlling interests in consolidated entities<sup>(4)</sup> | (27473) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Unitholder Transactional NAV** | $**1572428** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Number of Units outstanding** | **51059604** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Dollars in thousands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Pursuant to an expense support agreement with VEPF Management, L.P. (the "Manager"), organizational, offering and certain operating fund expenses advanced on the Fund's behalf by the Manager are recognized as a reduction to Transactional NAV, ratably over a 60-month reimbursement period. The Manager currently expects to begin such reimbursement period no earlier than October 1, 2026 or such later time as determined by the Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Servicing fees are charged to Class A-B, Class B, Class A-D, Class D, Class A-S and Class S Units. Servicing fees are recognized as a reduction to Transactional NAV on a monthly basis as such fees are accrued. For GAAP NAV, the Fund's cost of unitholder servicing fees are accrued for the estimated life of the Units as an offering cost at the time the Class A-B, Class B, Class A-D, Class D, Class A-S and Class S Units are sold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)Unitholder Transactional NAV excludes General Partner redeemable non-controlling interests in consolidated lower funds for which no Units are issued or outstanding at the Fund.

The following table provides details of Unitholder Transactional NAV and the Transactional NAV per Unit by class as of April 30, 2026:

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A-B Units** | **Class B Units**  | **Class A-D Units** | **Class A-I Units** | **Class I Units**  | **Class A-S Units** | **Class S Units** | **Class E Units** | **Class R Units** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp;Transactional NAV of outstanding Units<sup>(1)</sup> | $258247 | $1546 | $12337 | $836366 | $81462 | $281186 | $88243 | $12938 | $103 | $1572428 |
| &nbsp;&nbsp;&nbsp;&nbsp;Number of outstanding Units | 8406283 | 50411 | 400000 | 27081586 | 2641368 | 9187901 | 2887321 | 400624 | 4110 | 51059604 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transactional NAV per Unit | $30.72 | $30.68 | $30.84 | $30.88 | $30.84 | $30.60 | $30.56 | $32.29 | $25.17 |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Dollars in thousands.

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**Reconciliation of GAAP NAV to Transactional NAV**

The following table reconciles the Fund's Unitholder GAAP NAV to Unitholder Transactional NAV as of April 30, 2026<sup>(1)</sup>:

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Unitholder GAAP NAV | $1529879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustments: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Organizational, offering and other fund expenses<sup>(2)</sup> | 23152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued servicing fees<sup>(3)</sup> | 19397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liabilities of certain taxable intermediate entities<sup>(4)</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unitholder Transactional NAV | $1572428 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Dollars in thousands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Represents an adjustment to reflect the recognition of organizational, offering and other fund expenses ratably over the 60-month reimbursement period beginning no earlier than October 1, 2026 or such later time as determined by the Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Represents a reduction to reflect servicing fees related to Class A-B, Class B, Class A-D, Class D, Class A-S and Class S Units as they are accrued for on a monthly basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)The Fund currently does not have any tax liabilities of certain taxable intermediate entities through which the Fund holds portfolio companies that are contingent upon the expected manner of divestment of the associated underlying portfolio company and are not reasonably expected to be recognized by the Fund.

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