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)

Distribution Notification

During May 2022, Vantage Private Equity Growth 2 (VPEG2) received the distributions following the completion of the sale of each of the VPEG2 portfolio companies; StraitNZ, Jaybro, Journey Beyond, Canopy Healthcare, MMC Ltd and as well as from the realised proceeds of the sale and lease back of Heritage Lifecare.

The total of all the distributions received from these exits where distributed to all VPEG2 investors on 10 May 2022.

The distribution equated to 30% of each investor’s committed capital to VPEG2.

Details on the distribution are provided to investors in the VPEG2 March 2022 quarterly investor report to be issued to all investors during May 2022.

Investment Highlights

VPEG2 Quarterly Report March 2022 Special Points of Interest;

  • Waterman Capital Fund 3 completes the 100% sale of Canopy Healthcare Group for a media reported $300 million to Intermediate Capital Group, a European based private equity firm with $9.5 billion assets under management
  • Next Capital Fund III announces the 100% sale of NZ Bus to Kinetic NZ Holdings Ltd for a media reported $400 million in a deal making it New Zealand’s largest bus operator with more than 700 buses across 13 depots
  • Pencarrow Bridge Fund announces the 100% sale of MMC Limited to Apex Group, a global financial services provider
  • CPE Capital 8 completes the sale of two portfolio companies Jaybro & StraitNZ during the quarter
  • As at 31 March 2022, VPEG2A and VPEG2B generated a net of fees internal rate of return (IRR) of 21.9% p.a. and 14.8% p.a. respectively, since final close of VPEG2 on 28 May 2015

Download a copy of the VPEG2 Quarterly Report March 2022

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