Vantage Private Equity Growth 2 (VPEG2) is a Private Equity Fund of Funds established to provide investors with access to the returns generated by the top performing Buyout and Later Expansion Private Equity Funds in Australia.

Private Equity as an asset class has attracted a growing amount of interest from investors over recent years as it continues to outperform traditional asset classes. VPEG2 offers investors the opportunity to share in the strong returns of this asset class, while substantially removing the hurdles that have traditionally limited investor access to it.

Through its unique structure, focussed investment strategy and guidelines, systematic and rigorous fund manager selection criteria and its arrangements with highly experienced Private Equity investment management and advisory groups, the Manager is confident of VPEG2 delivering superior absolute returns to Investors.

Vantage Private Equity Growth 2 (VPEG2)

COVID-19 Portfolio Update

As the COVID-19 health crisis abated in Australia and New Zealand throughout the quarter, VPEG2’s underlying managers continued to focus on working alongside management teams as they progress with their strategic agendas to deliver growth in each portfolio company.

VPEG2’s Private Equity managers’ report that trading across all underlying portfolio companies is robust, with liquidity levels remaining strong in each company and a significant majority of portfolio companies executing strategic initiatives in line with budget.

As a result VPEG2A and VPEG2B have generated a net of fees Internal Rate of Return (IRR) of 14.7% p.a. and 9.9% p.a. respectively, as at 31 December 2020 since the final close of VPEG2 on 28 May 2015.

VPEG2’s portfolio value is well placed to continue to grow as underlying fund managers further maximise the value of each portfolio company prior to exit. It is anticipated that as fund managers enter into the final stages of negotiating the sale of a number of company investments, the level of exits from VPEG2’s portfolio will increase across the next three to six months. These exits will deliver further distributions across 2021 to VPEG2 investors, which will contribute to ultimately deliver strong risk adjusted returns to investors over the term of the Fund.

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Investment Highlights

VPEG2 Quarterly Report December 2020 Special Points of Interest;

  • Next Capital Fund III announces the sale of Australia’s leading out-of-home entertainment business Funlab, to the Asian arm of TPG Capital
  • Strong earnings growth by a majority of VPEG2’s underlying companies delivers an average increase in portfolio value of 9.8% across the quarter
  • VPEG2’s performance continues to improve as the portfolio matures, with VPEG2A & VPEG2B delivering net returns of 14.7% p.a. and 9.9% p.a. since inception in May 2015
  • Adamantem Capital Fund I announces the sale of Servian to US technology firm Cognizant Technology Solutions Corporation

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Download a copy of the VPEG2 Quarterly Report September 2020

Key Facts

Structure
Twin Australian Unit Trusts

Underlying Investments
Unlisted, closed end Australian Buyout & Later Expansion Private Equity Funds

Target return
20% p.a

Minimum Commitment / Trust Investment
Trust A; $5,000,000
Trust B; $50,000

Distributions to Unit holders
At least every 12 months, more frequent as underlying investments are divested over time

Manager & Trustee
Vantage Asset Management Pty Limited

Final Close Completed
28 May 2015