Ryan Beedie and Randy Garg met in a classroom long before they signed a deal. They were both earning graduate business degrees at the University of British Columbia and graduated together in 1993.
Beedie is now president of the property company his father started in 1954. Garg runs Vistara, a Vancouver firm that finances growing tech companies, and its name comes from the Sanskrit word for "expansion."
Beedie Capital is the arm of Beedie's company that handles alternative assets, or investments outside the usual stock and bond mix.
Vistara became its own company in 2015.
Beedie Capital stayed on as a major limited partner in all five Vistara funds.
A limited partner supplies money to a fund without running it day to day.
Beedie Capital's relationship with Vistara has lasted through multiple funds, and the two firms have remained separate even as their work has overlapped. The new arrangement gives Beedie Capital a direct ownership stake in the fund manager, not just the role of a limited partner in its funds.
On Wednesday, August 5, 2026, Beedie Capital took a much bigger step. The deal deepens a relationship that goes back more than 15 years.
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Garg did not say what the half-stake cost.
The $500 million goal is the total Vistara hopes to raise from all investors, not just Beedie Capital.
The two firms say they will stay separate. Both are based in Vancouver, and this deal does not change that.
Vistara's specialty is growth financing, which sits between a bank loan and a full ownership sale. Garg says almost all start as debt.
Over the life of a fund, about 25% of that debt converts into equity, or a stake in the company.
The typical deal runs from $20 million to $30 million. Garg calls those "$20 million to $30 million checks."
Convertible debt can turn into stock later, and warrants give the lender the right to buy stock later at a set price. Both tools limit founder dilution, which means the founders keep a larger slice of their own company.
This structure matters when outside investors who want an ownership stake are not offering good terms. Garg said strong companies can still raise money when they "can't get the terms that they want" or when "the growth rates have maybe slowed a little bit."
Beedie is not just a real-estate guy. Bloomberg data says his 29% stake in Artemis Gold is the largest in that company.
The stake is worth about C$2.5 billion ($1.8 billion). It is a separate bet, but it shows his money moves across real estate, gold, and private tech.
Vistara's website lists several enterprise-software companies that were sold or went public. Some of the companies it backs also show up in Beedie Capital's stock-market holdings, so this is not a one-time arrangement.
Private funds like Vistara are not open to a typical brokerage account. They run on money from institutions and limited partners, not from everyday portfolios.
Still, the companies they support do not stay private forever. When those businesses eventually reach the public markets, they can end up in your portfolio. A bigger, better-funded Vistara is worth watching from outside.
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