During the September 2021 quarter, VPESO completed the secondary acquisition of a $5m investment commitment and the underlying investments in Anchorage Capital Partners Fund III (ACPIII).
ACPIII, managed by specialised private equity firm Anchorage Capital Partners of Sydney, is a $350m fund established in 2017, for investment into lower to mid-market opportunities in Australia and New Zealand.
Anchorage Capital Partners Pty Ltd was formed in 2007 by Phillip Cave and Daniel Wong as a dedicated private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate.
Anchorage’s investment process applies their unique combination of capital, operational expertise and change management disciplines, by working in partnership with the management teams.
Prior to raising their first fund in 2008, Anchorage’s founders had been involved in private equity investing, often as executive managers, in the Asia-Pacific region for over 20 years. As a result, Anchorage brings significant experience to all investments it pursues.
ACPIII to date has completed four investments, which include, Specialised Linen Services, Rail First, Scott’s Refrigerated Logistics and GBST Wealth Management.
