VPEG3 Receives Unconditional Registration from Australian Government Department
Vantage Private Equity Growth 3, LP (VPEG3) today received UNCONDITIONAL registration status by the Innovation Investment Committee of the Australian Government Department of Industry, Innovation and Science.
This unconditional registration positions VPEG3 as one of only a limited number of COMPLYING Venture Capital or Growth Private Equity (VCPE) funds for the Significant Investor Visa (SIV), approved by this Australian Government Department to operate and commence its investment program.
VPEG3 satisfied all the criteria required to achieve unconditional registration, including having raised in excess of $10m in investment commitments, managed by a highly experienced Australian Financial Services Licensed fund manager with a more than 15 year track record of investment in Private Equity, as well as having a diverse spread of more than 80 investors with no single investor representing more than 5% of total investment commitments.
Approximately 25% of all committed capital raised to date by VPEG3 have come from SIV applicants, attracted to VPEG3’s diversified, growth private equity investment strategy.
VPEG3 is the lowest risk, capital stable, VCPE investment currently available for SIV applicants, as it invests ultimately into a diversified portfolio of profitable companies, ultimately managed by the top tier private equity fund managers in Australia (no startups, no early stage or venture capital investments).