Latest News

2 November 2023

Notice of VPEG2’s Annual General Meeting

The 2023 Annual General Meeting (AGM) for Vantage Private Equity Growth Trusts 2A & 2B (VPEG2A & B) will be held via video conference along with the Vantage Private Equity Growth Funds VPEG3, VPEG4 and VPEG5 commencing at 10:00 am AEDST, Thursday 23^rd November 2023, broadcast from Level 39, Aurora Place, 88 Phillip Street, Sydney NSW 2000, Australia. A registration link to the 2023 Annual General Meeting will be provided to all investors on Monday 6^th November 2023.

Investors seeking to attend the virtual AGM, please advise Vantage by email at [email protected], to register your interest and you will receive video conference details by way of an invitation prior to the meeting

Fund Performance Highlights for Financial Year end 2023 for VPEG2A

$0.68m in additional capital drawn by underlying Private Equity funds
7 underlying company investments sold delivering an average gross 2.5x multiple of invested capital
A total of 55 underlying company investments completed, with 31 exits now realised
$6.77m in total distributions received from underlying funds during the financial year
$5.96m in total distributions paid to all VPEG2A Unitholders during the financial year
$0.32m Net Profit for the financial year ended 30 June 2023
19.0% p.a. after fees Annualised Return delivered by VPEG2A since inception to 30 June 2023

View VPEG2A’s 2023 Annual Report >>

Fund Performance Highlights for Financial Year end 2023 for VPEG2B

$0.22m in additional capital drawn by underlying Private Equity funds
7 underlying company investments sold delivering an average gross 2.5x multiple of invested capital
A total of 55 underlying company investments completed, with 31 exits now realised
$2.27m in total distributions received from underlying funds during the financial year
$1.95m in total distributions paid to all VPEG2B Unitholders during the financial year
$0.04m Net Profit for the financial year ended 30 June 2023
13.3% p.a. after fees Annualised Return delivered by VPEG2B since inception to 30 June 2023

View VPEG2B’s 2023 Annual Report >>

8 November 2022

Notice of VPEG2’s Annual General Meeting

The 2022 Annual General Meeting (AGM) for Vantage Private Equity Growth Trusts 2A & 2B (VPEG2A & B) will be held via video conference along with the Vantage Private Equity Growth Funds VPEG, VPEG3, VPEG4 and VPEG5 commencing at 10:00am AEDST, Wednesday 30^th November 2022, broadcast from Level 39, Aurora Place, 88 Phillip Street, Sydney NSW 2000, Australia for the purpose of transacting the business set out below.

Performance Highlights from VPEG2A’s 2022 Annual Report

$2.01m in additional capital drawn by underlying Private Equity funds
12 underlying company investments sold delivering an average gross 4.7x multiple of invested capital
A total of 55 underlying company investments completed, with 26 exits now realised
$21.42m in total distributions received from underlying funds during the year, an increase of 72.1% from FY21
$17.60m in total distributions paid to all VPEG2A Unitholders during the year, an increase of 75.5% from FY21
$5.68m Net Profit for the year ended 30 June 2022.
2% total return to VPEG2A Unitholders across FY22
7% p.a. after fees Annualised Return delivered by VPEG2A since inception to 30 June 2022.

View VPEG2A’s 2022 Annual Report >>

Performance Highlights from VPEG2B’s 2022 Annual Report

$0.68m in additional capital drawn by underlying Private Equity funds
12 underlying company investments sold delivering an average gross 4.7x multiple of invested capital
A total of 55 underlying company investments completed, with 26 exits now realised
$7.17m in total distributions received from underlying funds during the year, an increase of 72.1% from FY21
$5.75m in total distributions paid to all VPEG2B Unitholders during the year, an increase of 107.6% from FY21
$1.61m Net Profit for the year ended 30 June 2022.
5% total return to VPEG2B Unitholders across FY22
1% p.a. after fees Annualised Return delivered by VPEG2B since inception to 30 June 2022.

View VPEG2B’s 2022 Annual Report >>

25 March 2022

VANTAGE FUNDS MARCH 2022 NEWSLETTER

RECENTLY COMPLETED & ANNOUNCED EXITS DELIVER VANTAGE FUNDS AN AVERAGE GROSS 4.3 X RETURN ON INVESTED CAPITAL

VPEG4 COMPLETES FINAL CLOSE WITH $180M OF COMMITMENTS FROM OVER 500 INVESTORS

VPEG5 COMPLETES FIRST CLOSE WITH $37 MILLION OF COMMITMENTS FROM OVER 200 INVESTORS & REMAINS OPEN FOR INVESTMENT

VANTAGE FUNDS COMMIT A FURTHER $150 MILLION TO UNDERLYING PRIVATE EQUITY FUNDS & CO-INVESTMENTS

5 November 2021

Notice of VPEG2’s Annual General Meeting

The 2021 Annual General Meeting (AGM) for Vantage Private Equity Growth Trusts 2A & 2B (VPEG2A & B) will be held via video conference at 10.30am AEDST, Wednesday 1 December 2021 broadcast from Level 17, 8 Chifley Square, Sydney NSW 2000.

Performance Highlights from VPEG2A’s 2021 Annual Report

$1.19m in additional capital drawn by underlying Private Equity funds
1 new underlying company investment added to the portfolio and 8 significant bolt-on acquisitions completed
7 underlying company investments sold delivering an average gross 4.9 X multiple of invested capital
A total of 55 underlying company investments completed, with 14 exits now realised
$12.44m in total distributions received from underlying funds during the year, an increase of 283.4% from FY20
$10.03m in total distributions paid to all VPEG2A Unitholders during the year, an increase of 848.6% from FY20
$18.75m Net Profit for the year an increase of 848.6% from FY20
56.2% total return to VPEG2A Unitholders across FY21
21.2% p.a. after fees Annualised Return delivered by VPEG2A since inception to 30 June 2021.

Performance Highlights from VPEG2B’s 2021 Annual Report

$0.42m in Additional Capital Drawn by underlying Private Equity funds
1 new underlying company investment added to the portfolio and 8 significant bolt-on acquisitions completed
7 underlying company investments sold delivering an average gross 4.9 X multiple of invested capital
A total of 55 underlying company investments completed with 14 exits now realised
$4.05m in total distributions received from underlying funds during the year, an increase of 289.6% from FY20
$2.57m in total distributions paid to all VPEG2B Unitholders an increase of 1,157.6% from FY20
$6.17m Net Profit for the year an increase of 1,545.6% from FY20
57.7% total return to VPEG2B Unitholders across FY21
14.0% p.a. after fees Annualised Return delivered by VPEG2B since inception to 30 June 2021

26 August 2021

Lynch Group flowers again after lockdown strife

Australia’s biggest seller of cut flowers, Lynch Group, says there has been a partial rebound of its business after the “initial shocks” of the Sydney and Melbourne lockdowns, and the long-term trends are working in its favour as people spend higher amounts on better-quality bunches of flowers and pot plants.

Lynch Group, which listed on the ASX in April, surpassed the net profit after tax and amortisation forecasts outlined in its prospectus by 12.7 per cent in its maiden result as a listed company, with its Australian and Chinese operations both in solid shape.

But chief executive Hugh Toll warned of increasing pressures in the supply chain as COVID-19 disruptions in shipping and air freight channels bring extra pressure, which was amplified since the end of June as costs climbed.

“This has intensified rapidly over the past two to three months,” Mr Toll said.

Those extra costs were being absorbed into the business.

Lynch Group generates a large number of sales through supermarket chains Woolworths and Coles, and Mr Toll said it had also started a supply deal with the Big W general merchandise stores owned by Woolworths.

Lynch Group operates seven flower farms across Australia and China. Mr Toll said the group was weighing up buying another landholding in China in an expansion play, or expanding an existing farm in China. An extra 10 hectares of greenhouse area is being pursued.

Supermarkets over florists

Lynch Group has a history in flowers stretching back almost 100 years. Private equity group Next Capital had been the majority shareholder of Lynch Group since 2015 before the initial public offering.

The Australian operations lifted revenues to $288 million in 2020-21 from $227 million a year ago. Mr Toll said there was a structural shift under way where more people were buying bunches of flowers in supermarkets rather than florists.

There was also a premiumisation effect where shoppers were buying “high-value” bouquets and floral arrangements. An expansion into potted plants has also been a winner. Flowers revenue growth was 24 per cent over the year, while pot plants were up 38 per cent.

Lynch Group is in the final stages of building a purpose-built production facility at Ingleburn in Sydney’s south-west, which should be finished early next year.

Mr Toll said the lockdowns in Sydney from early July had resulted in a sales slide and inventory losses in the first four weeks.

“We’re now well into the recovery phase,” he said.

Lynch Group shares were largely steady on Thursday at $3.79. They were sitting at $3.12 in early May in the weeks after the float.

Source; The Australian Financial Review, 26 August 2021, “Lynch Group flowers again after lockdown strife, Simon Evans (https://www.afr.com/companies/retail/lynch-group-flowers-again-after-lockdown-strife-20210825-p58luy)

19 August 2021

VPEG2 Quarterly Report for the 3 months ending 30 June 2021

VPEG2 distributes $0.29 Per Unit to all VPEG2 investors during April 2021
CPE Capital 8 completes the 100% sale of Cell Care to Generate Life Sciences, the worlds largest provider of newborn stem cell services and reproductive tissue bank
Next Capital Fund III announces the sale of iseek, Australia’s leading cloud, Data Centre and Connectivity provider to a UK based Information Technologies and Telecommunications Infrastructure Fund
VPEG2 investee Mercury Capital Fund 2 announces the sale of MessageMedia for AUD$1.7 billion to Sinch, a leading global cloud communications business listed on the Nasdaq Sweden
Four exits across the June 2021 quarter will deliver VPEG2 an average gross 4.5x return on invested capital, representing a return of 56.9% p.a.
As at 30 June 2021, VPEG2A and VPEG2B generated a net of fees return of 20.9% p.a. and 13.9% p.a. respectively, since final close on 28 May 2015

View or download a copy of the VPEG2 Quarterly Report 30 June 2021

26 May 2021

VPEG2 Quarterly Report for the 3 months ending 31 March 2021

VPEG2 investee Waterman Capital Fund 3 completes the successful partial exit of My Food Bag via an IPO and Dual listing on the NZX & ASX, representing New Zealand’s largest IPO since 2014
Odyssey Private Equity Fund 8 invests in MTB Direct, a leading online store for mountain bike parts, riding apparel and accessories
VPEG2 investee CPE Capital 8 (formally CHAMP IV) announces the 100% trade sale of Gourmet Food Group to Mondelez International, a global packaged food business listed on the NASDAQ
VPEG2 investee Next Capital Fund III announces the completion of the underwritten bookbuild for the IPO of Lynch Group, with the Company successfully listing on the ASX on 6 April 2021
As at 31 March 2021, VPEG2A and VPEG2B generated a net of fees internal rate of return (IRR) of 20.0% p.a. and 13.0% p.a. respectively, since final close of VPEG2 on 28 May 2015

View or download a copy of the VPEG2 Quarterly Report 31 March 2021

4 March 2021

Recent Exit – My Food Bag – Waterman Capital Fund 3

VPEG2 investee Waterman Capital Fund 3 portfolio company My Food Bag, ready’s New Zealand’s largest IPO listing which values the company at $NZ474.6 million.

My Food Bag is expected to list on the NZX and ASX on the 5th March 2021 at a share price of $1.85 implying an enterprise value of NZ$474.6 million. Upon listing Waterman Capital Fund 3 will realise a portion of their investment holding, with the Fund retaining 15% holding in the company post IPO.

17 February 2020

VPEG2 Quarterly Report for the 3 months ending 31 December 2019

Special Points of Interest;

Mercury Capital Fund 2, completes the sale of Nexus Day Hospitals to the Queensland Investment Corporation’s Global Infrastructure Fund
Next Capital Fund III announces the sale of Funlab to Archer Capital
Nine companies now sold from VPEG2’s portfolio delivering a combined 2.97 X return on investment
VPEG2’s performance continues to improve as the portfolio matures, with VPEG2A & VPEG2B delivering net returns of 15.23% p.a. and 9.23% p.a. since inception.

View or download a copy of the VPEG2 Quarterly Report December 2019

31 January 2020

VPEG2 Continues to Deliver Strong Risk Adjusted Returns to Investors

Strong underlying company performance across the second half of 2019 contributed to VPEG2 delivering strong risk adjusted returns to Unit Holders. As at 31 December 2019, VPEG2A and VPEG2B generated a net of all fees internal rate of return (IRR) of 15.23% p.a. and 9.23% p.a. respectively, since the final close of VPEG2 on 28 May 2015.

Furthermore, the nine companies sold to date from VPEG2’s portfolio have contributed to this performance, generating a total gross 2.97 X return on invested capital across an average hold period of 2.8 years. As VPEG2’s underlying portfolio further matures, the number of companies sold from the portfolio will accelerate over the course of 2020 and into 2021, delivering further value and distributions to VPEG2 investors.

29 January 2020

Two Further Companies Were Sold from VPEG2’s Underlying Portfolio, With Each Delivering Strong, Top Quartile Returns

During the December 2019 quarter two further companies were sold from VPEG2’s underlying portfolio, with each delivering strong, top quartile returns. As a result, nine companies have now been sold from VPEG2’s portfolio.

These nine exits have contributed to VPEG2’s performance, delivering a gross 2.97 X return on invested capital across an average hold period of 2.8 years.

During November 2019, VPEG2 investee Mercury Capital Fund 2, completed sale of Nexus Day Hospitals to the Queensland Investment Corporation’s Global Infrastructure Fund. Under Mercury 2’s ownership, Nexus became Australia’s second largest day hospital platform with a portfolio of twelve, day and short-stay hospitals across six states and territories in Australia.

During December 2019, VPEG2 investee Next Capital Fund III announced they had reached agreement to sell Funlab to Sydney based Private Equity firm Archer Capital. Throughout Next Capital’s ownership, Funlab became a distinctive market leader in the Australian out-of-home entertainment and leisure sector as the business successfully launched 4 new brand concepts and increased its footprint from 15 to 36 locations, including international expansion into New Zealand and Singapore.

21 November 2019

VPEG2 Quarterly Report for the 3 months ending 30 September 2019

Adamantem Capital Fund 1 completes the public to private acquisition of Legend Corporation Limited, an Australian distributor of tools, components and accessories into the electrical wholesale and industrial / commercial gas markets
Next Capital Fund III acquires NZ Bus, New Zealand’s’ largest urban bus operator with over 700 buses operating out of 13 depots across Auckland, Wellington and Tauranga.
CHAMP IV acquires the Banksmeadow Waste Transfer Station in Sydney, from ASX listed, Bingo Industries Limited
VPEG2’s portfolio expands to 52 completed investments, operating across a broad range of industry sectors with 6 exits completed to date

View or download a copy of the VPEG2 Quarterly Report September 2019

6 November 2019

Notice of Annual General Meeting

The 2019 Annual General Meeting (AGM) for Vantage Private Equity Growth Trusts 2A & 2B (VPEG2A & B) will be held at 10.30am AEDST, Thursday 28 November 2019 at L17, 8 Chifley Square, Sydney NSW 2000

Performance Highlights from VPEG2A’s 2019 Annual Report;

– $8.92m in Additional Capital Drawn by underlying Private Equity funds

– 11 new underlying company investments added to the portfolio

– 3 underlying company investments sold delivering > 2.5 X cost of original investment

– A total of 48 underlying company investments completed with 6 exits now realised

– Total distributions received from underlying funds during the year of $2.08m up 50.6% from FY18

– Net Profit for the year up 12.4% to $3.35m

– Total Unit Holder Return during FY19 of 15.1%

Performance Highlights from VPEG2B’s 2019 Annual Report;

– $2.99m in Additional Capital Drawn by underlying Private Equity funds

– 11 new underlying company investments added to the portfolio

– 3 underlying company investments sold delivering > 2.5 X cost of original investment

– A total of 48 underlying company investments completed with 6 exits now realised

– Total distributions received from underlying funds during the year of $0.96m up 108.7% from FY18

– Net Profit for the year up 0.9% to $0.965m

– Total Unit Holder Return during FY19 of 10.0%

18 October 2019

Highly Active September 2019 Quarter for VPEG2’s Underlying Private Equity Portfolio

The September 2019 quarter has been a highly active period for Vantage Fund’s and its underlying Private Equity funds.

VPEG2’s underlying portfolio expands with four new underlying company investments recently completed. In addition, one underlying fund has signed a sale agreement to sell one of their underlying portfolio companies with the sale subject to minority shareholder approval. Should the sale proceed following the shareholder vote, the exit will produce a strong top quartile return for the underlying fund and VPEG2.

Additional underlying portfolio investments included;

In July 2019, Odyssey Fund 8 acquired FRANKiE4, a leading and award-winning women’s supportive footwear label. Founded in 2011 by podiatrists and a physiotherapist, FRANKiE4’s unique designs and patented support technologies enhance the comfort of customers’ feet, lower limbs and their overall health. FRANKiE4 combines a knowledge of biomechanics with a sense of style, to deliver great footwear that women feel comfortable in and love to wear.

In August 2019, Next Capital Fund III acquired New Zealand Bus Limited, New Zealand’s largest urban bus operator with a modern fleet of 700 buses across 13 depots. NZ Bus primary business operations is to provide urban bus route services through long term contracts with Auckland Council-owned Auckland Transport (AT) and the Greater Wellington Regional Council (GWRC). NZ Bus accounts for approximately 36% and 28% of the market share in Auckland and Wellington. The fleet and portfolio of strategically located leasehold depots provide a wide footprint over the Auckland and Wellington regions’ key urban routes, exposing them to strong public transport demand growth and minimising depot travel distances.

Also, during August 2019, Adamantem Capital Fund 1 acquired ASX listed Legend Corporation in a public to private transaction. Legend is a distributor of products, tools, components and accessories into the electrical wholesale and industrial / commercial gas markets. Legend stocks an extensive range of product lines and is a preferred supplier across all major electrical wholesalers in Australia. Legend’s products are utilised across a diversified range of end markets, including electrical, power, rail, mining and telecommunications.

As a result of these three new underlying investments, VPEG2’s investment portfolio now holds interest in 51 underlying companies across 8 Private Equity Funds plus one co-investment with six exits completed, as at 30 September 2019.

As the portfolio matures it is expected that the rate of exits from the portfolio will increase throughout the remainder of the 2019 calendar year and into 2020 delivering further improvement to the value of the portfolio and an increase in distributions to investors.

View VPEG2’s Underlying Private Equity Portfolio

19 August 2019

VPEG2 Quarterly Report for the 3 months ending 30 June 2019

Special Points of Interest;

VPEG2A Continues to Outperform all Major Asset Classes recording an audited Net IRR since inception of 14.2% p.a as at 30 June 2019.
VPEG2B as at 30 June 2019, delivers an audited Net IRR since inception of 8.2% p.a.
Odyssey Fund 8 acquires Sushi Sushi, Australia’s largest Japanese Food Retailer and Delta Agribusiness one of Australia’s leading Independent Agribusinesses
CHAMP IV invests in Marand Precision Engineering, a supplier of precision engineered solutions, aerostructures, tools and automated production systems for the aerospace and defence industries

View or download a copy of the VPEG2 Quarterly Report June 2019

22 May 2019

VPEG2 Quarterly Report for the 3 months ending 31 March 2019

Special Points of Interest;

Adamantem Capital Fund 1 acquires Hellers, New Zealand’s leading producer of processed meats.

CHAMP IV announces the sale of Containerchain to ASX listed, global logistics solutions group, WiseTech Global

VPEG2’s underlying funds have now completed 45 company investments, operating across a broad range of industry sectors, with 5 exits completed to date

View or download a copy of the VPEG2 Quarterly Report March 2019

21 February 2019

VPEG2 Quarterly Report for the 3 months ending 31 December 2018

Special Points of Interest;

VPEG2 Outperforms all major Asset Classes across 2018, including Public Equity, Bonds, Property and Cash

VPEG2A delivers a 29.6% net return, for the full year ended 31 December 2018 with a Net IRR since inception of 17.1% p.a.

VPEG2B delivers a 18.4% net return for the full year ended 31 December 2018

Mercury Capital completes the acquisition of Fiftyfive5 and GalKal, creating Australia’s largest leading independent customer and market research consultancy firm.

Waterman Capital acquires TRG Imaging, the largest provider of radiology services in New Zealand’s North Island

Adamantem Capital completes the ‘public to private’ acquisition of ASX listed Zenitas Healthcare Limited, a community-based healthcare provider specialising in the provision of in-home and in-clinic care solutions

View or download a copy of the VPEG2 Quarterly Report December 2018

10 February 2019

Next Capital Fund III seeks exit options for Funlab

VPEG2 underlying fund manager Next Capital has tapped investment bank Citi as it mulls exit options for its entertainment group Funlab, which houses popular Strike Bowling and Sky Zone trampoline parks.

Read the Full Article about Funlab

26 November 2018

VPEG2 Quarterly Report for the 3 months ending 30 September 2018

Special Points of Interest

– Next Capital III sells Forest Coach Lines to Comfortdelgro Corporation Limited the Singapore based public transport conglomerate

– Mercury Capital Fund 2 invests into Australia’s largest business to person messaging company, Message Media Group

– Next Capital Fund III invests in Australian owned cloud, data and service provider, iSeek Group

– CHAMP IV acquires Gourmet Food Holdings, a branded manufacturer and distributor of gourmet crackers and chilled packaged seafood

– CHAMP IV acquires Cell Care, the leading private umbilical cord blood and tissue storage bank in Australia and Canada

View or download a copy of the VPEG2 Quarterly Report September 2018

31 October 2018

Notice of Annual General Meeting

The 2017 Annual General Meeting (AGM) for Vantage Private Equity Growth Trusts 2A & 2B (VPEG2 A & B) will be held at 10.30am AEDST, Thursday 29 November 2018 at L17, 8 Chifley Square, Sydney NSW 2000

Performance Highlights from VPEG2A’s 2018 Annual Report;

– $8.57m in Additional Capital Drawn by underlying Private Equity funds

– 15 new underlying company investments added to the portfolio

– 1 underlying company sold delivering > 2.5 X cost of original investment

– A total of 37 underlying company investments completed with 2 exits now realised

– Total distributions received from underlying funds during the year of $3.1m

– Net Profit of $0.89m

– Total distributions paid to Unit Holders during FY18 of $1.895m ($0.07 per partly paid unit)

– Total Unit Holder Return during FY18 of 24.4%

Performance Highlights from VPEG2B’s 2018 Annual Report;

– $2.91m in Additional Capital Drawn by underlying Private Equity funds

– 15 new underlying company investments added to the portfolio

– 1 underlying company sold delivering > 2.5 X cost of original investment

– A total of 37 underlying company investments completed with 2 exits now realised

– Total distributions received from underlying funds during the year of $1.025m

– Net Profit of $0.26m

– Total distributions paid to Unit Holders during FY18 of $0.63m ($0.072 per unit)

– Total Unit Holder Return during FY18 of 10.3%

26 May 2018

VPEG2 Quarterly Report for the 3 months ending 31 March 2018

Special Points of Interest;

– Odyssey Private Equity Fund 8 acquires a controlling interest in Australian outdoor leisure products business, OZtrail

– Adamantem Capital Fund 1 portfolio company, Heritage Lifecare, doubles the number of aged care beds across its facilities with an additional three aged care business acquisitions completed and announced during the quarter

– The Pencarrow Bridge Fund announces an investment into leading manufacturer and distributor of gourmet yoghurt, The Collective

View or download a copy of the VPEG2 Quarterly Report March 2018

22 February 2018

VPEG2 Quarterly Report for the 3 months ending 31 December 2017

Special Points of Interest;

– CHAMP IV acquires infrastructure consumables supplier, Jaybro Group and invests in receivables management company Panthera Finance

– Adamantem Capital Fund 1 acquires controlling interest in premium horse feed producer, Hygain Holdings

– Mercury Capital Fund 2 acquires a majority shareholding in International Volunteer HQ Limited

– Next Capital Fund III announces the acquisition of artisanal commercial bakery, Noisette Bakery

– VPEG2 pays distribution to all unit holders following the sale of Infinite Aged Care by Next Capital Fund

View or download a copy of the VPEG2 Quarterly Report December 2017

30 November 2017

VPEG2 Quarterly Report for the 3 months ending 30 September 2017

Special Points of Interest;

– Next Capital III sells its interest in Infinite Aged Care to Moelis Australia delivering a strong top quartile return on investment.

– Six new investments announced / completed during the quarter, bringing the total of underlying company investments in VPEG2’s portfolio to 28.

– VPEG2 completes a $0.5m co-investment with Yorkway Partners into Fitzpatrick Financial Group

View or download a copy of the VPEG2 Quarterly Report September 2017

31 October 2017

Notice of Annual General Meeting

The 2017 Annual General Meeting (AGM) for Vantage Private Equity Growth Trusts 2A & 2B (VPEG2 A & B) will be held at 11.00am AEDST, Tuesday 21 November 2017 at L17, 8 Chifley Square, Sydney NSW 2000

Performance Highlights from VPEG2A’s 2017 Annual Report;

– $15m of New Investment Commitments made across three additional Private Equity funds

– $37.6m of Total Investment Commitments made to date across eight Private Equity funds

– $5.57m in Additional Capital Drawn by underlying Private Equity funds

– 13 new underlying company investments added to the portfolio

– A total of 22 underlying company investments now within the portfolio

– Total distributions received from underlying funds during the year of $1.68m

– Net Profit of $1.23m

– Total distributions paid to Unit Holders during FY17 of $0.06 per partly paid unit

– Total Unit Holder return during FY17 of 11.5%

Performance Highlights from VPEG2B’s 2017 Annual Report;

– $4.85m of New investment commitments made across three additional Private Equity funds

– $12.95m of total investment commitments to date made across eight Private Equity funds

– $2.07m in Additional capital drawn by underlying Private Equity funds

– 13 new underlying company investments added to the portfolio

– A total of 22 underlying company investments now within the portfolio

– Total distributions received from underlying funds during the year of $0.83m

– Net Profit of $0.75m

– Total distributions paid to Unit Holders during FY17 of $0.079 per paid unit

– Total Return to Unit Holders during FY17 of 10.6% p.a.

31 August 2017

VPEG2 Completes Co-investment into Fitzpatrick Financial Group

Vantage Private Equity Growth 2 today announced that it had completed a $500,000 co-investment into Fitzpatrick Financial Group.

VPEG2 co-invested with Yorkway Partners in Fitzpatrick Financial Group who, together with Quadrant Private Equity, funded the acquisition of a strategic acquisition, Retirement Victoria. Yorkway and Quadrant will partner with the key management team and shareholders of Fitzpatricks including John McMurdo, Alex Hone, John Woodley and Chris Cuffe to continue growing the business.

Read more about Fitzpatrick Financial Group

18 August 2017

VPEG2 Quarterly Report for the 3 months ending 30 June 2017

Special Points of Interest;

– Allegro Fund II completes the acquisition of Terrex Group, Australia’s leading onshore seismic surveyor providing seismic acquisition services, GPS surveying & geophysical processing services to the oil and gas, minerals and government geoscience research sectors.

– Adamantem Capital Fund 1 completes the acquisition of Heritage Lifecare, a New Zealand aged-care and retirement village operator with 969 beds and 320 living units under management across 19 facilities.

– Improvements in value across VPEG2’s underlying Private Equity portfolio, delivers an increase in Net Asset Value (NAV) to VPEG2A of 10.4% and VPEG2B of 4%, across the quarter.

View or download a copy of the VPEG2 Quarterly Report June 2017

15 May 2017

VPEG2 Quarterly Report for the 3 months ending 31 March 2017

Special Points of Interest;

– VPEG2 Commits $7.5m to Odyssey Private Equity Fund 8, managed by Sydney, Australia based, Odyssey Private Equity.

– Five new underlying company investments added to VPEG2’s portfolio during the quarter.

– VPEG2 receives additional distributions from Allegro II from the exit of Great Southern Rail and from CHAMP IV as a return of capital from underlying investee, Pepperstone Group.

View or download a copy of the VPEG2 Quarterly Report March 2017

22 March 2017

VPEG2 Commits $7.5m to Odyssey Private Equity Fund 8

Odyssey Private Equity Fund 8 is a $275m growth capital fund, managed by Sydney, Australia based, Odyssey Private Equity (Odyssey)

Odyssey was established in early 2017 by Gareth Banks, Jonathan Kelly and Paul Readdy, former CHAMP Ventures directors, as well as George Penklis, a co-founder and former partner of Quadrant Private Equity.

Odyssey’s partners bring a wealth of experience, drawn from more than 50 private equity investments completed during their careers.

Read more about the Odyssey Private Equity Fund 8

15 February 2017

VPEG2 Quarterly Report for the 3 months ending 31 December 2016

Special Points of Interest;

– VPEG2 Commits NZ$2m to the Pencarrow Bridge Fund, managed by Wellington, New Zealand headquartered, Pencarrow Private Equity.

– Four new underlying company investments added to VPEG2’s portfolio during the quarter.

– Allegro II rolls a portion of its sale proceeds from Great Southern Rail into a co-investment in Experience Australia.

View or download a copy of the VPEG2 Quarterly Report December 2016

23 December 2016

VPEG2 commits $10m to Adamantem Capital Fund 1

Adamantem Capital Fund 1 is managed by Adamantem Capital Pty Limited of Sydney. The Fund is targeting total commitments from investors of $600m, for investment into mid-market expansion and buyout opportunities in Australia and New Zealand. Adamantem completed a first close of Adamantem Capital Fund 1 in late December 2016.

Read more about the Adamantem Capital Fund 1

30 November 2016

VPEG2 commits NZ$2m to Pencarrow Bridge Fund

The Pencarrow Bridge Fund is a NZ$80 Million small-mid market expansion and buyout fund, managed by Wellington, New Zealand headquartered Pencarrow Private Equity. The Bridge Fund is designed to be a concentrated portfolio across two to four investments to ensure opportunities are captured while Pencarrow prepare for the launch of their next fund, Pencarrow V in 2017.

Read more about the Pencarrow Bridge Fund

17 November 2016

VPEG2 Quarterly Report for the 3 months ending 30 September 2016

Special Points of Interest;

– Allegro II announces the sale of Great Southern Rail to Quadrant Private Equity delivering VPEG2 a strong top quartile return

– Allegro II acquires the master franchise licence for Pizza Hut in Australia.

– CHAMP IV acquires Containerchain—a web based technology software provider servicing the container logistics sector.

– VPEG2 now ultimately holds interests in eleven underlying company investments

View or download a copy of the VPEG2 Quarterly Report September 2016

31 October 2016

Notice of Annual General Meeting

The 2016 Annual General Meeting (AGM) for Vantage Private Equity Growth Trusts 2A & 2B (VPEG2 A & B) will be held at 11.00am AEDST, Tuesday 29 November 2016 at L17, 8 Chifley Square, Sydney NSW 2000

The Agenda, for the meeting can be downloaded here; VPEG2 2016 AGM Notification

Performance Highlights from VPEG2A’s 2016 Annual Report;

– $11.54m of New Investment commitments made across three additional Private equity funds during the year

– $22.6m of total investment commitments to date made across five Private Equity funds

– $4.5m in capital drawn into new investments by underlying Private Equity funds

– Five new underlying company investments added to the portfolio

– A total of nine underlying company investments within the portfolio at 30 June 2016

Performance Highlights from VPEG2B’s 2016 Annual Report;

– $2.9m of New Investment commitments made across three additional Private equity funds during the year

– $8.1m of total investment commitments made to date across five Private Equity funds

– $1.5m in capital drawn into new investments by underlying Private Equity funds

– Five new underlying company investments added to the portfolio

– A total of nine underlying company investments within the portfolio at 30 June 2016

15 September 2016

Allegro II Sells Great Southern Rail to Quadrant Private Equity

Vantage Private Equity Growth 2 (VPEG2) investee, Allegro Fund II, today announced that Quadrant Private Equity has entered into an agreement to acquire a majority stake in Allegro II portfolio company, Great Southern Rail (GSR).

GSR is the operator of luxury Australian transcontinental passenger rail services, The Ghan, The Indian Pacific and The Overland.

Allegro initially acquired GSR in May 2015, with a 16-month ownership period that saw it stabilise the business and more than double its earnings.

Read more about Allegro’s Sale of GSR to Quadrant

6 September 2016

Allegro II Acquires Pizza Hut Australia

Vantage Private Equity Growth 2 (VPEG2) investee, Allegro Fund II, today announced that together with a local management buy-in (MBI) team it has acquired the master franchisee licence for Pizza Hut in Australia from US-based parent company Yum! Brands, global owner of the Pizza Hut brand.

Allegro will deploy its successful investment methodology of combining growth capital with management expertise to grow the Pizza Hut brand in Australia and drive operational improvements across the store network.

Read more about Allegro’s Pizza Hut Acquisition

31 August 2016

CHAMP IV Invests in Container Logistics Software provider Containerchain

On 31 August 2016 CHAMP IV invested in Containerchain, a business to business, web based technology software provider servicing the container logistics sector.

Containerchain’s technological solutions are tailored to the intricacies of the Landside, Dockside and Waterside needs of all participants in the industry including freight forwarders, importers, exporters, transport operators, empty container depots and shipping lines.

18 August 2016

VPEG2 Quarterly Report for the 3 months ending 30 June 2016

Special Points of Interest;

– Mercury 2 acquires a controlling interest in Australia’s 2nd largest day hospital owner and service provider, Nexus Day Hospitals.

– Mercury 2 investee, Hexagon Group, becomes the largest labels manufacturing business in Australasia following the bolt-on acquisition of Adhesif Labels.

– VPEG2 now ultimately holds interests in nine underlying company in- vestments.

View or download a copy of the VPEG2 Quarterly Report June 2016

30 June 2016

Mercury Capital Fund 2 Acquires Nexus Day Hospitals

On 30 June 2016, Mercury 2 completed the acquisition of Nexus Day Hospitals (‘Nexus’) in conjunction with the simultaneous settlement of the Fund’s investment and Nexus’s acquisition of National Day Surgeries (’NDS’).

The combined transaction establishes Nexus as the second largest day surgery business in Australia with a total of 10 high-quality day hospitals located along the southern and eastern states including Adelaide, Hobart, Melbourne, Sydney, Albury and Newcastle.

The combined business operates across five main medical craft groups (ophthalmic, gastro, plastic, orthopaedic and pain) with high quality surgical facilities and a management team with deep industry experience. Mercury is partnered in the investment by over 60 shareholder doctors.

16 May 2016

VPEG2 Quarterly Report for the 3 months ending 31 March 2016

Special Points of Interest;

– VPEG2 commits $8m to CHAMP IV and NZ$4m to Waterman Fund 3.

– CHAMP IV acquires a controlling interest in Australia’s largest online foreign exchange platform provider, Pepperstone.

– VPEG2 now ultimately holds interests in eight underlying company investments.

View or download a copy of the VPEG2 Quarterly Report March 2016

3 March 2016

CHAMP IV invests in Pepperstone Group

Pepperstone Group a high growth online investment platform specialising in Foreign Exchange, commodities and Contract For Difference (CFD) products.

Founded in 2010, Pepperstone is headquartered in Melbourne with offices also in Shanghai and Dallas, providing 24 hour global coverage and client support to its over 26,000 active clients that currently trade more than $100 billion in Foreign exchange turnover monthly utilising Pepperstone’s platform.

With an automated proprietary back-office IT systems to enable operations, Pepperstone provides superior technology that uses low-latency execution and delivers low-cost spreads, resulting in exceptional customer service.

CHAMP invested in Pepperstone to assist it to expand internationally, grow the company’s branding efforts and widen its product offerings through partnerships with technology vendors in different regions.

15 February 2016

VPEG2 commits $8m to CHAMP IV

CHAMP IV is a $1 Billion (target) mid market buyout fund, managed by Sydney, Australia headquartered CHAMP Private Equity Pty Ltd (“CHAMP”).

CHAMP has one of the most successful private equity track records in Australasia, with a history of principal investment dating back to 1987. Its core focus is on the Australian and New Zealand markets, but with an international reach extending into Asia and North America.

CHAMP has delivered top quartile results to its investors over its historical track record since 1987.

The investment philosophy at CHAMP is value creation through earnings growth. Prudent leverage is a factor in the business model, however, the real driver of value creation is sustainable earnings growth based on superior management and investment in growth initiatives.

12 February 2016

VPEG2 Quarterly Report for the 3 months ending 31 December 2015

Special Points of Interest;

– Next Capital Fund III acquires controlling interest in Australia’s largest wholesaler of Fresh cut Flowers, Lynch Group.

– VPEG2A commits a further $2.5m to Next Capital Fund III, increasing VPEG2’s total committed capital to Next III to $8m.

– Mercury 2 invests in label manufacturing business, Hexagon Holdings.

View or download a copy of the VPEG2 Quarterly Report December 2015

03 December 2015

VPEG2 Quarterly Report for the 3 months ending 30 September 2015

Special Points of Interest;

– Allegro II completes acquisition of a controlling interest in Carpet Court NZ.

– VPEG2 ultimately holds interests in five underlying private equity company investments at quarter end.

– VPEG2 NAV increases due to an enhancement in the holding value of the underlying Private Equity portfolio attributable to earnings improvements across the portfolio.

View or download a copy of the VPEG2 Quarterly Report September 2015

5 November 2015

Next Capital III acquires controlling interest in Lynch Group

Lynch is Australia’s leading integrated supplier, wholesaler and merchandiser of fresh cut flowers and potted plants. Lynch also operates farming and processing assets in Kunming, China, as well as three farms in Australia that grow and supply specialty flower and potted products to support the Company’s range.

The core business, which services Australia’s major supermarket chains, has a strong market position, difficult to replicate by its competitors. The Company has also been building other distribution channels via additional major retail outlets such as Aldi and Bunnings as well as an online presence.

29 October 2015

Notice of Annual General Meeting

The 2015 Annual General Meeting (AGM) for Vantage Private Equity Growth Trusts 2A & 2B (VPEG2 A & B) will be held at 10.30am AEDST, Wednesday 25 November 2015 at L17, 8 Chifley Square, Sydney NSW 2000

The Agenda, for the meeting can be downloaded here; VPEG2 2015 AGM Notification

Performance Highlights from VPEG2A’s 2015 Annual Report;

– First close Completed 28 May 2014

– First Private Equity Investment Commitment made in November 2014

– Final close completed on 28 May 2015

– $11.3m of Investment commitments made across three Private Equity funds during the year

– $958,000 in capital drawn by underlying Private Equity funds

– Four new underlying company investments added to the portfolio

Performance Highlights from VPEG2B’s 2015 Annual Report;

– First close Completed 28 May 2014

– First Private Equity Investment Commitment made in November 2014

– Final close completed on 28 May 2015

– $5.2m of Investment commitments made across three Private Equity funds during the year

– $489,000 in capital drawn by underlying Private Equity funds

– Four new underlying company investments added to the portfolio

19 August 2015

VPEG2 Quarterly Report for the 3 months ending 30 June 2015

Special Points of Interest;

– VPEG2 Commits $5m to Mercury Capital Fund 2 managed by Sydney based Mercury Capital.

– Allegro II completes acquisition of Great Southern Rail, which includes The Ghan, The Indian Pacific and The Overland in Australia, from UK listed Serco.

– At 30 June 2015, VPEG2 ultimately held interests in four underlying private equity company investments.

View or download a copy of the VPEG2 Quarterly Report June 2015

28 July 2015

Allegro II Acquires NZ’s Carpet Court

Allegro Funds Pty Ltd (Allegro) today announced that its Allegro II fund has taken a controlling interest in New Zealand’s leading flooring retailer Carpet Court, which has 60 outlets across the country.

Once sale conditions are met, Carpet Court will be recapitalised and its assets transferred to Carpet Court New Zealand Holdings Limited, and the business will be bank debt free on completion of the deal.

Read more about Allegro’s Carpet Court Acquisition

28 May 2015

VPEG2 Quarterly Report for the 3 months ending 31 March 2015

Special Points of Interest;

– Allegro II announces the acquisition of Great Southern Rail, which includes The Ghan, The Indian Pacific and The Overland in Australia, from UK listed Serco.

– At 31 March 2015, VPEG2 ultimately held interests in two underlying company investments, with a further two investment to be funded during June 2015.

View or download a copy of the VPEG2 Quarterly Report March 2015

15 May 2015

VPEG2 Commits $5.0m to Mercury Capital Fund 2

The $300m, Mercury Capital Fund 2 is managed by Sydney based Mercury Capital (www.mercurycapital.com.au) an independently owned, Australian private equity fund manager investing primarily into small to mid-market sized businesses within Australia and New Zealand.

Mercury’s core focus is investing in established businesses with market leading positions. Mercury seeks to add value through developing and executing a strategic plan to generate growth. Mercury’s approach is to work closely in partnership with existing owners and managers to enable a business to realise its full growth potential.

Mercury Capital’s strength is their knowledge. The Investment Manager and Board has significant experience from a number of highly successful private equity investments in Australia, New Zealand and the US. The teams diverse expertise also includes successfully starting, growing and selling significant businesses, and from operating at senior board and management positions in companies throughout Australia and New Zealand.

04 May 2015

The Final Closing Date for Vantage Private Equity Growth 2 (VPEG2) has been set as 22 May 2015.

Applicants seeking to invest into VPEG2 must complete, sign and post the application form, located from page 54 within the VPEG2 Information Memorandum with applications & application monies to be received by VPEG2’s Unit Registry, Boardroom (Victoria) Pty Ltd, by 5pm, Friday 22 May 2015.

Applications can also be emailed to the Unit Registry at [email protected] and cc’d to [email protected] with application monies deposited by EFT, as detailed on the application form, found within the VPEG2 Information Memorandum.

Download a copy of the VPEG2 Information Memorandum

30 March 2015

Allegro II Acquires Great Southern Rail

Allegro Funds Pty Ltd (Allegro) today announced its plans to acquire Great Southern Rail (GSR) which operates the transcontinental passenger rail services, The Ghan, The Indian Pacific and The Overland in Australia from Serco.

Great Southern Rail operates three trains: The Indian Pacific (Sydney-Adelaide-Perth), The Ghan (Adelaide-Alice Springs-Darwin) and The Overland (Melbourne-Adelaide).

View Details on Allegro’s Acquisition of GSR

10 February 2015

VPEG2 Quarterly Report for the 3 months ending 31 December 2014

Special Points of Interest;

– VPEG2 Commits $5.5m to Mid Market Buyout Specialist Next Capital Fund III.

– Next III acquires Controlling Interest in National Leasehold Aged Care Business Infinite Aged Care

– Next III Completes Management Buy-out of Leading Urban Bus Operator Forest Coach Lines.

– VPEG2 Commits $6m to Private Equity Transformational Capital Specialist, Allegro Fund II, Whose First Investment is Australia’s 2nd Largest Bus Manufacturer, Custom Bus.

View or download a copy of the VPEG2 Quarterly Report December 2014

23 December 2014

Next Capital III Completes Management Buy-out of Forest Coach Lines

Established in 1930 Forest Coach Lines is a leading urban bus operator, currently focused on delivering passengers from Sydney’s north shore to four of Sydney’s key metropolitan centres; CBD, North Sydney, Chatswood and Macquarie Centre. Forest also operates an ancillary charter business providing short group transfers, or extended group tours to regional locations across the country.

Click here to read more about Forest Coach Lines

12 December 2014

VPEG2 Commits $6.0m to Allegro Fund II

Allegro Fund II is managed by Sydney based Allegro (www.allegrofunds.com.au) an independently owned Australian fund manager investing primarily in mid-market businesses within Australia and New Zealand. Allegro currently manages more than $1.1 billion of enterprise value in investments.

Allegro are specialists in “Transformational Capital” – applying capital and expertise to unlock and create value. Allegro invest equity funds on behalf of their investors, and work in partnership with management to realise growth potential and deliver enduring value to their investors.

Click here to read more about Allegro II

10 December 2014

Next Capital III Acquires Controlling Interest in Infinite Aged Care

Infinite Aged care was established by two experienced operators in the aged care and property sectors with the objective of building a national leasehold aged care business. Infinite’s seed assets include five high performing facilities in South Australia (totalling 380 beds) and 250 bed licenses in South East Queensland. Infinite’s strategy will involve establishing at least two regional clusters of facilities under strong asset-level and corporate management. Infinite aims to capture upside through acquisitions, developments, refurbishments and operational improvements.

Click here to read more about Infinite Aged Care

21 November 2014

VPEG2 commits $5.5m to Next Capital Fund III’s First Close

Next Capital Fund III is managed by Sydney based Next Capital Management Pty Ltd.

Next Capital Management (www.nextcapital.com.au) was established in 2005 by Sandy Lockhart, Patrick Elliott and John White, who were former principals of Macquarie Bank’s private equity arm, Macquarie Direct Investment Limited (MDI). MDI raised and invested four private equity funds with the founders of Next Capital delivering top quartile returns across the MDI investments in which they were involved.

Having completed more than 50 investments and 42 exits across more than 25 years of investing, the executive team at Next Capital represent one of the most commercially experienced Private Equity managers in the Australian and New Zealand markets.

Click here to read more about Next Capital III

2nd September 2014

NAB Equity Lending Approves VPEG2 Investor Loan Facility

Vantage is pleased to announce that National Australia Bank (NAB) Equity Lending have approved an investor loan facility for clients seeking to invest in Vantage Private Equity Growth 2 (VPEG2) (via either Trust A or Trust B), with a 50% LVR. This NAB Equity Lending loan facility for VPEG2 also offers advisers and their clients:

Competitive interest rates
Access to funds: the ability to borrow against existing investments to free up cash for new investments
Quick and easy application process: individual and joint applications are generally approved within 48 hours of receipt of a completed application
A dedicated Account manager to assist advisers and their clients with applications.

Find out more;

For further information about the NAB – VPEG2 investor loan facility contact Vantage at; [email protected]

Alternatively please speak to one of the NAB Business Development Managers (details below), to see how NAB Equity Lending can support investors or Advisers and their clients with their investment into VPEG2:

NSW

Richard Forsyth 0429 550 306

Craig Saunders 0420 942 384

QLD / NT

Sean Kelly 0410 348 716

David Robertson 0407 387 957

VIC / SA / TAS

Carolyn Beadle 0428 641 904

Visit NAB’s website

To find out more about NAB Equity Lending, please visit the following link:http://www.nab.com.au/personal/investments/margin-lending