Vantage Private Equity Growth 3 (VPEG3) is a multi-manager Private Equity investment fund consisting of Vantage Private Equity Growth 3, LP (VPEG3, LP) an Australian Fund of Funds (AFOF) Limited Partnership and Vantage Private Equity Growth Trust 3A (VPEG3A) an Australian Unit Trust, established to undertake private equity investments that are not permitted to made by an AFOF, in accordance with Australian regulations.
VPEG3 is focused on investing in professionally managed Private Equity funds that invest in businesses that are at a more mature stage of development, and in particular the Later Expansion and Buyout stages of Private Equity investment.
VPEG3 commenced investing in 2017 and invests the majority of its Investment Portfolio into Australian based private equity funds who in turn are focused on investing into lower to mid-market sized companies headquartered in Australia and New Zealand, with enterprise values of between $25 million and $250 million at investment.
VPEG3 has developed a diversified portfolio of underlying investments by investing into seven underlying private equity funds in which it has made investment commitments, who in turn are focused on investments into profitable companies in defensive and growth industry sectors including the Healthcare, Consumer Staple, Information Technology and Agricultural Products.
To date VPEG3 has committed $67.50 million across seven Primary Private Equity Funds and two co-investments with the co-investments held by VPEG3A. VPEG3’s investment commitments include; $12 million to Allegro Fund III; $10 million to each of Adamantem Capital Fund 1, Advent Partners 2 Fund, Anchorage Capital Partners Fund III and Next Capital Fund IV, $7.5 million to Mercury Capital Fund 3 and $7 million to Odyssey Private Equity Fund 8.
VPESO’s acquisition of VPEG3 interests from existing VPEG3 investors only included the assets of VPEG3, LP as those selling investors did not hold units in VPEG3A. As such, only the investments held by VPEG3, LP at the time of each purchase were added to VPESO’s portfolio.
