In March 2017, VPEG3 made an initial $5m investment commitment to Adamantem Capital Fund 1 . Initial funds were drawn from VPEG3 to Adamantem Capital Fund 1 to fund its first investment, Heritage Lifecare, in the November 2017. In December 2017, VPEG3 increased its total commitment to Adamantem Capital Fund 1 to $10m
In May 2017, VPEG3 made a $7m investment commitment to Odyssey Private Equity Fund 8 . Initial funds were called from VPEG3 to Odyssey Private Equity Fund 8, to fund its first investment, OZtrail, during December 2017.
In August 2017, VPEG3 completed a $10m investment commitment to the Advent Partners 2 Fund. Advent completed their first investment for the Advent Partners 2 Fund, Silk Laser Clinics, during January 2018.
In August 2017, VPEG3 completed a $0.25m co-investment into Fitzpatrick Financial Group.
In September 2017, VPEG3 completed a $12m investment commitment to Allegro Fund III. Initial funds were drawn from VPEG3 to Allegro Fund III, to fund its first investment, No.1 Shoes & Hannah’s during November 2017.
In November 2017, VPEG3 completed a $10m investment commitment in Anchorage Capital Partners Fund III.
In August 2018, VPEG3 completed a $0.50m co-investment in Tribe Brewing Pty Ltd.
In November 2018, VPEG3 completed a $7.5m investment commitment in Mercury Capital Fund 3.
In December 2018, VPEG3 completed a $10m investment commitment in Next Capital Fund IV
Details of VPEG3′s current Private Equity commitments and investments are provided in the table below:
PRIVATE EQUITY FUND NAME | FUND / DEAL SIZE ($M) | VINTAGE | INVESTMENT STRATEGY | COMMITMENT ($M) | CAPITAL DRAWN ($M) | PORTFOLIO COMPANIES | EXITS |
ADAMANTEM CAPITAL FUND I | $591 | 2017 | EXPANSION / BUYOUT | $10.00 | $8.46 | 6 | 1 |
ODYSSEY PRIVATE EQUITY FUND 8 | $275 | 2017 | EXPANSION / BUYOUT | $7.00 | $6.28 | 6 | 1 |
ADVENT PARTNERS 2 FUND | $300 | 2017 | EXPANSION / BUYOUT | $10.00 | $9.11 | 7 | 1 |
ALLEGRO FUND III | $290 | 2017 | BUYOUT | $12.00 | $8.63 | 7 | 3 |
ANCHORAGE CAPITAL PARTNERS FUND III | $350 | 2017 | EXPANSION / BUYOUT | $10.00 | $9.87 | 5 | 2 |
MERCURY FUND 3 | $600 | 2019 | EXPANSION / BUYOUT | $7.50 | $6.83 | 10 | 1 |
NEXT CAPITAL FUND IV | $275 | 2019 | EXPANSION / BUYOUT | $10.00 | $6.88 | 7 | - |
CO-INVEST NO.1 FITZPATRICK FINANCIAL GROUP | $200 | 2017 | EXPANSION | $0.25 | $0.30 | 1 | - |
CO-INVEST NO.2 TRIBE BREWING | $30 | 2018 | EXPANSION | $0.80 | $0.75 | 1 | 1 |
TOTAL | $67.55 | $57.11 | 50 | 10 | |||
* target fund size