Recently Completed & Announced Exits Deliver Vantage Funds an average gross 4.9x Return on Invested Capital representing an Internal Rate of Return of 73.9% p.a.
As the Australian economy continued to rebound during the first half of 2021, consumer confidence surged to an eleven-year high and business confidence also achieved an all-time record high in April 2021. This renewed confidence resulted in an increase in M&A and IPO activity leading to a considerable increase in exit activity across Vantage Private Equity Growth Fund portfolios during the June 2021 quarter.
With the exit environment continuing to be strong, a number of underlying companies from Vantage Private Equity Growth 2 (VPEG2) and Vantage Private Equity Growth 3 (VPEG3) portfolios have recently been successfully sold, either by trade sale or a secondary sale to a larger institutional investor, or partially realised via an IPO and ASX listing. Across the June 2021 quarter, five underlying company exits were either completed or announced from Vantage Fund portfolios. These exits will deliver Vantage’s Funds an average gross 4.9 X return on invested capital, representing an average gross Internal Rate of Return of 73.9% per annum.
Read more in the latest Vantage Fund’s Newsletter June 2021