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

Recent analysis conducted by Vantage reveals that a significant majority of underlying companies across VPEG2’s portfolio will likely experience no or a low impact to their financial performance as a result of Victoria’s move to Stage 3 / 4 restrictions. Summary points to note across the VPEG2 portfolio include;

  • A total of 48 underlying company investments currently exist within VPEG2’s portfolio for which funds have been called from VPEG2, of which two of these companies have been sold with a small portion of VPEG2’s unrealised capital remaining within these investments.
  • 41 portfolio companies representing 83.9% of the total consolidated Net Asset Value (NAV) of VPEG2’s Portfolio have reported that there will be no impact (72.2% of NAV) or possibly only a low impact (i.e. less than 20% reduction in revenue compared to pre COVID) to their financial performance as a result of the Victorian Government’s recently imposed COVID-19 restrictions on that State.
  • Three portfolio companies representing 9.0% of VPEG2’s NAV reported the possibility of only a moderate impact (i.e. less than 50% reduction in revenue compared to pre COVID levels) to their financial performance as a result of the Victorian restrictions,
  • Four portfolio company representing only 7.2% of NAV are likely to experience a High impact (more than 50% reduction in revenue) to their operations and financial performance as a result of the Victorian restrictions.

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Investment Highlights

VPEG2 Quarterly Report June 2020 Special Points of Interest;

  • A significant majority of companies in VPEG2’s underlying portfolio, representing 70% of total Net Asset Value (NAV), increased in value across the quarter
  • 41 portfolio companies representing 83.9% of the total NAV of VPEG2’s Portfolio have reported that there will be no impact or low impact to their financial performance as a result of the Victorian Government’s recently imposed COVID-19 restrictions on that State
  • VPEG2A’s Net Asset Value improves by 4.5% across the quarter due to an increase in the value of 29 underlying companies at quarter end due to earnings improvements

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Download a copy of the VPEG2 Quarterly Report June 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