Vistina

What Vistina does

Vistina is a structured credit advisory firm that specializes in helping corporate borrowers access investment-grade asset-based securitization (ABS) solutions, particularly involving esoteric or non-traditional asset classes. The firm positions itself around a track record of bringing first-time issuers and first-time asset classes to the ABS market — citing more than 15 pioneered asset classes and more than 25 first-time issuers — and offers advisory services through two core operating units: Vistina Structured Credit Advisory, an SEC-registered broker-dealer and member of FINRA and SIPC that executes brokerage services, and Vistina Advisory, the advisory arm. Senior team members manage transactions end-to-end, and the firm operates on a success-based compensation model that aligns fees with transaction outcomes, making it a high-touch, enterprise advisory business rather than a scalable software platform.

The firm is a wholly-owned subsidiary of Hoplon Capital, LLC, a financial services holding company founded and led by Robert Arsov. In October 2025, Vistina (via Hoplon) entered a strategic collaboration with HPS Investment Partners, part of BlackRock, to broaden origination of investment-grade securitization for new borrowers and industries while expanding institutional investor access to esoteric and non-traditional asset classes. HPS manages approximately $165 billion in assets as of June 30, 2025, providing distribution scale that Vistina's senior-advisor origination capability would not otherwise reach.

The go-to-market is enterprise field sales targeting sophisticated corporate borrowers and institutional investors; the firm has no proprietary technology platform, no disclosed AI/ML capability, and no published pricing. Revenue is generated through advisory fees and success-based compensation on closed transactions, which makes near-term revenue inherently lumpy and dependent on transaction conversion. Customer logos are not publicly disclosed, and concentration risk is therefore difficult to quantify from public sources. Headcount is small (one named senior managing director hire in 2026), consistent with an early-stage build-out leveraging the senior team's career-long track record.

Name

Vistina

Legal name

Vistina Structured Credit LLC

Website

https://vistinallc.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

Vistina is a structured credit advisory firm that helps corporate borrowers access investment-grade asset-based securitization solutions involving esoteric and non-traditional asset classes, while expanding institutional investor access to those assets via a broker-dealer subsidiary and a partnership with HPS/BlackRock.

Ownership category

akta.pro rank

Product category

Structured Credit Advisory

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239)

SIC

Asset-Backed Securities (6189), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Private Credit — Structured Credit (CLOs, ABS, Private Securitizations) (FSAHAJAH)

akta.pro secondary industries

Specialty Finance & Litigation/Claims Credit (FSAHAGAL), Structured Finance Ratings & Surveillance (FSACACAI)

Keywords

• Structured credit advisory
• Asset-based financing
• Corporate ratings advisory
• Asset-backed securitization
• Private credit solutions

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Structured Credit Advisory: Vistina provides advisory services to clients seeking differentiated advice on private, structured credit solutions involving esoteric or non-traditional assets and strategic transactions. Brokerage services are offered through Vistina Structured Credit Advisory, LLC, an SEC-registered broker-dealer and member of FINRA and SIPC. Compensation structure includes success-based compensation aligned with client outcomes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Vistina provides structured credit advisory and asset-based financing origination services for corporate borrowers seeking to access investment-grade asset-backed securitization (ABS) markets, with particular specialization in esoteric and non-traditional asset classes. The firm delivers differentiated advice on private structured credit solutions and strategic transactions, managed end-to-end by senior bankers. Brokerage services are offered through its SEC-registered broker-dealer subsidiary, Vistina Structured Credit Advisory, LLC, a member of FINRA and SIPC.

Product overview

Vistina is a structured finance company comprising two main business units: Vistina Structured Credit Advisory (an SEC-registered broker-dealer and FINRA/SIPC member) and Vistina Advisory. Together, these entities provide differentiated advisory and brokerage services for private, structured credit solutions involving esoteric or non-traditional assets and strategic transactions. The company specializes in pioneering new asset classes and first-time issuers in the ABS market, drawing on decades of deep structured finance expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Vistina Structured Credit Advisory SEC-registered broker-dealer arm of Vistina providing brokerage services for structured credit transactions, specializing in esoteric and non-traditional asset classes, intended for corporate borrowers and institutional investors.
• Vistina Advisory Advisory services arm of Vistina providing differentiated advice on private, structured credit solutions involving esoteric or non-traditional assets and strategic transactions, intended for corporate borrowers and institutional clients.

Quantifiable outcome

• Over 15 first-time asset classes brought to ABS market
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• HPS Investment PartnerscoreStrategic or Co-development Partner · 8 October 2025Vistina (subsidiary of Hoplon Capital) and HPS Investment Partners (part of BlackRock) announced a collaborative effort to bring investment grade securitization solutions to new borrowers and industries while expanding investors' access to esoteric and non-traditional asset classes. The collaboration positions both firms to accelerate their footprint in the growing investment grade asset-based securitization market. The combined capabilities create a unique solution for clients while enabling proprietary access to the growing asset-based finance asset class for BlackRock's investors.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• PJT Partners: PJT Partners' Strategic Advisory and Restructuring groups regularly advise on structured credit and capital markets solutions for corporate borrowers, overlapping directly with Vistina's specialty credit advisory work.
• Moelis & Company: Moelis is a global independent advisory firm with a capital markets advisory practice that structures and executes credit and securitization transactions for corporate clients, similar in boutique, senior-driven model to Vistina.
• Guggenheim Securities: Guggenheim Securities has a large, established structured finance and ABS advisory practice serving corporate borrowers and institutional investors, making it one of the closest direct competitors to Vistina in originating esoteric securitizations.
• Houlihan Lokey: Houlihan Lokey's Financial Advisory Services group includes a dedicated structured finance practice advising issuers on securitization and ABS transactions, comparable in mission to Vistina's specialist advisory model.
• Kroll (formerly Duff & Phelps): Kroll's Transaction Advisory and Valuation practices serve structured finance clients with rating advisory and securitization expertise, making it a close functional peer in the structured credit and ratings advisory niche Vistina occupies.

Broad incumbents

• Centerview Partners: Centerview is an elite independent advisory firm that advises corporate clients on capital markets and strategic financing transactions, comparable to Vistina in senior-attention, boutique execution style.
• JPMorgan: JPMorgan's Markets and Investment Banking businesses operate one of the largest structured finance and ABS franchises globally, competing with Vistina for esoteric issuer mandates while serving institutional investors at scale.
• Bank of America: Bank of America's Global Banking and Markets group runs a large structured finance and ABS origination business serving corporate borrowers and institutional investors, representing a scaled incumbent competing with Vistina for esoteric mandates.
• Lazard: Lazard is a broad incumbent financial advisory firm with a sizable capital markets and structured finance group serving corporate borrowers and issuers; while not specialized, it competes for many of the same advisory mandates as Vistina.
• Morgan Stanley: Morgan Stanley's Investment Banking division includes a structured finance and ABS origination franchise serving institutional investors and corporate issuers, providing a scaled, full-service alternative to Vistina's boutique model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/vistina

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vistina