Latest News

21 November 2020

VPEG3 Quarterly Report for the 3 months ending 30 September 2020

Special Points of Interest;

• Next Capital Fund IV invests in Eptec Group, a specialist contractor providing asset preservation, life extension and maintenance services to marine, critical transport and infrastructure assets in Australia.
• A significant majority of companies in VPEG3’s underlying portfolio, representing 95% of total NAV, maintained or increased in value across the quarter
• The improvement in value across the portfolio delivered a 4.8% increase in VPEG3’s Consolidated NAV across the quarter
• VPEG3 investee Advent Partners 2 prepares SILK Laser Clinics for exit via IPO listing on the ASX, which is expected to be completed by December 2020 delivering a strong return on investment

3 November 2020

The 2020 Annual General Meeting (AGM) of Vantage Private Equity Growth 3 (VPEG3) consisting of Vantage Private Equity Growth 3, LP (ILP NO. L0000419E) (VPEG3, LP) and Vantage Private Equity Growth Trust 3A, (VPEG3A) will be held via video conference at 11:00am AEDST on Wednesday 25^th November 2020 broadcast from Level 17, 8 Chifley Square, Sydney NSW 2000

Investors seeking to attend the virtual AGM, please advise Vantage by email at info@vantageasset.com, to register your interest and you will receive video conference details by way of an invitation prior to the meeting.

Performance Highlights from VPEG3’s 2020 Annual Report;

• $16.21m in Additional Capital Drawn by underlying Private Equity Funds
• 16 new underlying company investments added to the portfolio
• A total of 33 underlying company investments have now been completed with an average hold period of 1.2 years
• Paid capital by all investors to VPEG3, LP of $0.55 per dollar of Committed Capital to VPEG3
• Paid capital by all investors, except SIV investors, to VPEG3A of $0.23 per dollar of Committed Capital to VPEG3
• Companies held within the VPEG3 portfolio for more than one year have on average increased Revenue by 72% and Earnings (EBITDA) by 21% since initial investment
• 21% is the total increase in value, after fees, delivered by VPEG3, across FY20

21 August 2020

VPEG3 Quarterly Report for the 3 months ending 30 June 2020

Special Points of Interest;

2 July 2020

With Australia entering its first recession in 29 years as a result of the slowing economy caused by the COVID-19 restrictions, it is timely to compare the historical performance of the Australian & New Zealand Private Equity market across all time frames, to the performance of those Private Equity funds that were established during, or otherwise invested across, previous recessionary periods.

Summary statistics provided by AVCAL & Cambridge Associates reveal that the median and upper quartile net returns from Private Equity funds formed in Australia and New Zealand, between 1997 and 2018, focused on the later expansion and buyout financing stage, in which Vantage funds invest, was 11.1% p.a. and 20.3% p.a. respectively. These robust returns demonstrate Private Equity’s ability to consistently outperform public markets as the return on the S&P ASX 200 Accumulation Index over the corresponding period was only 8.4% p.a.

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14 May 2020

VPEG3 Quarterly Report for the 3 months ending 31 March 2020

Special Points of Interest;

VPEG3’s underlying investment in Legend Corporation Pty Ltd, completed by investee Adamantem Capital Fund I during August 2019, is currently benefiting from a strong demand in volumes for tiny parts made from an Adelaide plant used to create COVID-19 testing kits.

Legend Corporation, which has manufacturing businesses across electronics, data storage equipment and semi-conductors, is experiencing a heavy uptick in demand for ceramic substrates made by its Hendon Semiconductors business, which are a component in COVID-19 testing kits.

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VPEG3’s investment into Compass Education, within the Advent Partners 2 Portfolio, is experiencing a significant increase in the number of users of its online learning platform. Compass is the largest school data management business in the country and one of the only integrated education service providers for teachers, parents and students. Servicing over 1800 schools with more than 2 million users, Compass is facilitating the delivery of online learning tools and communications to provide effective distant learning capabilities for students around Australia as Schools nationwide have been mostly closed due to COVID-19.

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14 April 2020

The current environment around COVID-19 and restrictions imposed by Government’s on the operations of businesses across the economy continues to evolve daily. As such, VPEG3’s management continues to monitor all underlying company investments through active discussions with VPEG3’s remaining underlying private equity fund managers on an ongoing basis. The following points provide a summary overview of the analysed impact to VPEG3’s underlying portfolio;

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Download VPEG3’s COVID-19 Portfolio Update here

18 March 2020

Vantage Asset Management is closely monitoring the developing COVID-19 situation and has implemented responsible measures to ensure the health and safety of our employees, business partners, service providers, clients and investors. In addition, the protection of the value of all of Vantage’s Funds underlying investments, is one of our highest priorities.

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12 February 2020

VPEG3 Quarterly Report for the 3 months ending 31 December 2019

Special Points of Interest;