VANTAGE PRIVATE EQUITY SECONDARIES OPPORTUNITIES
ACCESS THE SUPERIOR RETURNS OF THE PRIVATE EQUITY ASSET CLASS THROUGH A SECONDARY PRIVATE EQUITY INVESTMENT
Vantage Private Equity Secondaries Opportunities Fund (VPESO) is an open ended Australian unit trust (structured as a MIT), that provides investors with exposure to a highly diversified portfolio of Australian and New Zealand lower to mid-market secondary and co-investment private equity opportunities.
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. VPESO provides the opportunity for investors to access the superior returns of the private equity asset class at a later stage, ultimately delivering investors an attractive, risk adjusted returns over their investment hold period.
With VPESO investing in the same segment of Private Equity as Vantage’s previous fund of funds, by acquiring interests from existing funds at a later stage of each underlying fund’s investment period and other secondary private equity fund investments, the Manager believes that VPESO will be able to deliver the targeted investment returns to Investors across a reduced investment time frame than would otherwise be delivered with an investment that is ultimately allocated to a
set of primary Private Equity funds.
Investment Objective
The Fund’s investment objective is to provide investors with attractive medium term returns from its Private Equity investments while keeping the volatility of the overall investment portfolio low. This will be achieved by investing across a highly diversified portfolio of secondary and co-investment Private Equity assets, ultimately resulting in a highly diversified portfolio of underlying investments in profitable companies with proven products and services, with diversification obtained by allocations across fund manager, financing stage, industry sector, geographic region and vintage year.
Benefits of a Secondary Private Equity Investment
J-Curve Mitigation
By entering into a secondary private equity investment, an investor ‘skips’ the initial negative cashflow period and receives investment income proceeds sooner to their initial investment date.
Blind Pool Risk Mitigation
Secondary private equity investments reduce the risk of investing in unidentifiable underlying portfolios.
Immediate Portfolio Diversification
A secondary private equity investment provides immediate exposure to a high level of portfolio diversification.
Accelerated Cash Flows with Lower Volatility
As secondary investors commit to a more developed portfolio, with an inherent net asset value, returns are typically distributed to investors in a shorter duration, reducing the illiquid component generally borne in primary private capital commitments.
Key Facts
Target Size
AU$100m
Focus
Secondary and co-investment opportunities in top tier Australian and New Zealand private equity funds investing in profitable companies for expansion and buyout.
Target return
20% p.a. IRR (net of fees)
Minimum Investment
AU$50,000
Management fee
1.25% p.a.
Redemption
Investors may redeem after a minimum hold period of two years.
Invest Now
Investing in VPESO is as easy as reviewing the Information Memorandum and completing the online application.
