Vantage Private Equity Growth 4 (VPEG4) is a multi-manager Private Equity investment fund consisting of Vantage Private Equity Growth 4, LP (VPEG4, LP) an Australian Fund of Funds (AFOF) Limited Partnership and Vantage Private Equity Growth Trust 4A (VPEG4A) an Australian Unit Trust, established to undertake private equity investments that are not permitted to made by an AFOF, in accordance with Australian regulations.
VPEG4 commenced investing in 2019 and invests the majority of its Investment Portfolio into top quartile performing 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 generally between $25
million and $250 million at investment.
VPEG4 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. As at 30 September 2023, VPEG4 had committed $172.5 million across seven Primary Private Equity Funds and six co-investments with four of these co-investments held by VPEG4A.
VPEG4’s investment commitments include; $30 million to each of Allegro Fund IV, Advent Partners 3, CPE Capital 9 and Anchorage Capital Partners Fund IV, $20 million to Potentia Capital Fund II and $10 million to each of Riverside Australia Fund III and Adamantem Capital Fund II. VPEG4’s co-investments include $2 million in each of EventsAir and Integrated Control Technology (ICT) that are held in VPEG4, LP as well as a further $8.5 million in four other co-investments that are held in VPEG4A.
VPESO’s acquisition of the VPEG4 interests from an existing VPEG4, LP investor only included the assets of VPEG4, LP as those selling investors did not hold units in VPEG4A. As such, only the investments held by VPEG4, LP at the time of purchase were added to VPESO’s portfolio. As a result, a total of 19 underlying company investments exist within the VPEG4, LP portfolio at quarter end.
