VPESO
VANTAGE PRIVATE EQUITY SECONDARIES OPPORTUNITIES
Gain immediate exposure to a highly diversified private equity portfolio managed by the top-quartile performing private equity managers across Australia and New Zealand.
INCEPTION
$
NET ASSET VALUE (NAV)
As at 31 JUly 2026
%
NET ANNUALISED RETURN
As at 30 JUNE 2026
Overview
VpESO
Vantage Private Equity Secondaries Opportunities (VPESO) Fund, is an open-ended, semi-liquid fund, established to provide investors immediate exposure to a diversified private equity portfolio of funds and portfolio companies managed by the top tier private equity managers in the region.
The Fund makes LP-led and GP-led secondary acquisitions within the Australia and New Zealand private equity segment. In addition, VPESO makes co-investment commitments into the most high-conviction deals, investing directly alongside private equity managers in Australia and New Zealand.
Vantage’s proven secondary investment strategy broadens investor access and participation in the private equity asset class.
To date, VPESO has completed 12 LP-led secondary private equity investments and seven co-investments. These investments are diversified across growth, buyout and turnaround investment strategies.
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
SEMI-LIQUID FUND
Secondary Private Equity Positions
Co-investments
LOWER TO MID-MARKET FOCUS
SUMMARY PERFORMANCE
Active portfolio Companies
Exits Completed
$
Net Asset Value
AS AT 31 JUly 2026
%
Absolute Net Return
%
Net Annualised Return
Documents
Investment Portfolio Value
PERFORMANCE
| PERIOD ENDED | 1 MONTH | 3 MONTHS | 6 MONTHS | 1 YEAR | 2 YEARS | ANNUALISED RETURN P.A. | INCEPTION DATE | NET UNIT VALUE |
|---|---|---|---|---|---|---|---|---|
| 30 JUNE 2026 | 5.3% | 4.1% | 5.9% | 8.6% | 15.5% | 13.8% | 27 JULY 2021 | $1.260 |
Secondary Private Equity Portfolio
Details of VPESO current Private Equity commitments and investments are provided in the table below:
| PRIVATE EQUITY FUND NAME | VINTAGE | INVESTMENT STRATEGY | ACQUIRED COMMITMENT ($M) | PORTFOLIO COMPANIES | EXITS |
|---|---|---|---|---|---|
| VANTAGE PRIVATE EQUITY GROWTH 4 | 2021 | DIVERSIFIED FUND OF FUNDS | $25.3 | 54 | 6 |
| VANTAGE PRIVATE EQUITY GROWTH 3 | 2019 | DIVERSIFIED FUND OF FUNDS | $12.2 | 50 | 19 |
| ADVENT PARTNERS 2 FUND | 2017 | BUYOUT / GROWTH | $10.0 | 7 | 4 |
| THE GROWTH FUND III | 2017 | BUYOUT / GROWTH | $6.00 | 12 | 6 |
| ANCHORAGE CAPITAL PARTNERS FUND III | 2017 | BUYOUT / GROWTH | $5.0 | 5 | 2 |
| WHITEOAK GROWTH FUND I | 2022 | GROWTH | $2.0 | 8 | 1 |
| GENESIS CAPITAL FUND I | 2020 | GROWTH / BUYOUT | $1.3 | 9 | - |
| VANTAGE PRIVATE EQUITY GROWTH 5, LP | 2024 | DIVERSIFIED FUND OF FUNDS | $0.5 | 36 | 1 |
| CO-INVEST - SilverChef CV | 2025 | BUYOUT | $5.0 | 1 | - |
| CO-INVEST - SKUTOPIA | 2026 | BUYOUT | $3.0 | 1 | - |
| CO-INVEST - Compare Club | 2022 | GROWTH / BUYOUT | $2.5 | 1 | - |
| CO-INVEST - GULL NZ | 2025 | GROWTH | $2.0 | 1 | - |
| CO-INVEST - HotDoc | 2022 | SPECIAL SITUATIONS | $2.0 | 1 | - |
| CO-INVEST - Ecoware | 2023 | GROWTH / BUYOUT | $1.1 | 1 | - |
| CO-INVEST - ASF Audits | 2025 | GROWTH / BUYOUT | $1.0 | 1 | - |
| TOTAL | $78.9 | 150 | 32 |
1. Companies held via more than one fund are counted as a single investment.
2. Excludes small holdings acquired for less than $0.05m each of VPEG2B and Catalyst Buyout Fund 2. Also excludes duplicates.
