VPEg5
VANTAGE PRIVATE EQUITY Growth 5
A DIVERSIFIED PRIVATE EQUITY FUND PROVIDING INVESTORS WITH ACCESS TO THE STRONG RETURNS GENERATED BY PRIVATE EQUITY FUNDS MANAGED BY AUSTRALIA AND NEW ZEALAND’S TOP-QUARTILE PERFORMING MANAGERS.
VINTAGE YEAR FUND
+
%
PORTFOLIO AVG LTM REVENUE GROWTH
+
%
PORTFOLIO AVG LTM EBITDA GROWTH
Overview
Vpeg 5
Vantage Private Equity Growth 5 (VPEG5) is a closed ended 2023 vintage year fund designed to provide wholesale investors access to a diversified portfolio of Australia and New Zealand private equity funds managed by the region’s top quartile performing managers.
The Fund has made eight private equity fund commitments and four co-investments, diversified across growth, buyout and turnaround investment strategies.
To date, VPEG5 has called 59% of investors committed capital, which has been drawn into a total of 39 underlying portfolio companies, of which two have been sold. The Fund has a highly diversified portfolio of investments across both growth and defensive industry sectors, including technology and software, healthcare, professional services, consumer staples, industrials and agriculture.
Fund Details
Vintage
Private Equity Fund Commitments
Co-investments
LOWER TO MID-MARKET Focus
SUMMARY PERFORMANCE
Underlying Portfolio Companies
Exits Completed
+
%
AVG GROWTH IN LTM REVENUE
+
%
AVG GROWTH IN LTM EBITDA
Private Equity Portfolio
CPE Capital
Australasia’s most experienced private capital manager, focused on investing into mid-market businesses in Australia and New Zealand.
Advent Partners
An Australian growth and buyout private equity firm investing in the lower to mid-market segment, targeting investment into technology, software and healthcare sectors.
Allegro Funds
An Australian private equity firm specialising in mid-market investments, concentrating on turnaround opportunities where the firm can deploy a transformational capital approach.
Anchorage Capital Partners
An Australian mid-market buyout private equity firm focused on corporate carve-outs where companies are constrained by capital or management bandwidth.
Mercury Capital
An Australian lower to mid-market private equity firm that partners with founders and management to drive strategic value, boost scalability, and deliver sustainable growth.
Riverside Australia
The Australian arm of New York based alternatives manager, The Riverside Company, focusing on buyout investments in growing companies across Australia and New Zealand.
Adamantem Environmental Opportunities
An Australian private equity firm investing in ESG thematic businesses that are delivering measurable environmental benefits to Australia and New Zealand economies.
Next Capital
An Australian growth, buyout private equity manager, typically focused on making investments into Australia and New Zealand’s lower to mid-market segment.
CO-INVESTMENTS
Vantage’s most high-conviction co-investments, investing directly alongside the best-in class private equity managers in Australia and New Zealand.
Details of VPEG5′s Current Private Equity Commitments:
| PRIVATE EQUITY FUND NAME | FUND / DEAL SIZE ($M) | VINTAGE | INVESTMENT STRATEGY | COMMITMENT ($M) | CAPITAL DRAWN ($M) | PORTFOLIO COMPANIES | EXITS |
|---|---|---|---|---|---|---|---|
| CPE CAPITAL 9 | $729 | 2020 | BUYOUT | $20.00 | $7.74 | 6 | 2 |
| ADVENT PARTNERS 3 FUND | $410 | 2020 | EXPANSION / BUYOUT | $20.00 | $9.92 | 6 | - |
| ALLEGRO FUND IV | $623 | 2020 | TURNAROUND | $25.00 | $16.28 | 5 | - |
| ANCHORAGE CAPITAL PARTNERS FUND IV | $505 | 2021 | TURNAROUND | $25.00 | $10.38 | 4 | - |
| MERCURY CAPITAL FUND 22 | $1,000 | 2022 | EXPANSION / BUYOUT | $15.00 | $7.62 | 5 | - |
| RIVERSIDE AUSTRALIA FUND IV | $300 | 2022 | EXPANSION / BUYOUT | $20.00 | $7.26 | 2 | - |
| ADAMANTEM ENVIRONMENTAL OPPORTUNITIES FUND | $353 | 2022 | EXPANSION | $20.00 | $8.88 | 4 | - |
| NEXT CAPITAL FUND V | $375 | 2022 | EXPANSION / BUYOUT | $20.00 | $7.39 | 5 | - |
| CO-INVEST NO.1 – EVENTS AIR | $187 | 2022 | EXPANSION / BUYOUT | $1.00 | $1.00 | 1 | - |
| CO-INVEST NO.2 - GULL NZ | NZ$495 | 2022 | BUYOUT | $1.00 | $1.00 | 1 | - |
| CO-INVEST NO.3 - COMPARE CLUB | $160 | 2022 | EXPANSION | $2.00 | $2.00 | 1 | - |
| CO-INVEST NO.4 – PAC TRADING | $68 | 2023 | EXPANSION / BUYOUT | $1.02 | $1.08 | 1 | - |
| TOTAL | $170.02 | $80.56 | 39* | 2 |
* unique portfolio company investments
Investment Portfolio Value
VPEG5 NET ASSET VALUE
| Month Ending | Cash | Fixed Interest Investments | Private Equity (value) | Paid Capital / $ of Committed Capital to VPEG5 | NAV / $ of Committed Capital to VPEG5 | Distributions Paid | Cumulative Distributions |
|---|---|---|---|---|---|---|---|
| 30-Nov-25 | 3.4% | 0.0% | 96.6% | 0.59 | 0.641 | - | 0.033 |
| 31-Oct-25 | 0.0% | 0.0% | 100.0% | 0.59 | 0.545 | - | 0.033 |
| 30-Sep-25 | 5.2% | 0.0% | 94.8% | 0.69 | 0.641 | - | 0.033 |
Quarterly Investor Reports
SEPTEMBER 2025
JUNE 2025
March 2025
December 2024
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September 2024
June 2024
December 2023
September 2023
June 2023
March 2023
December 2022
September 2022
June 2022
March 2022
December 2021
Annual Reports
VPEG5 2025 Annual Report
VPEG5 2024 Annual Report
VPEG5 2023 Annual Report
VPEG5 2022 Annual Report
