Private Equity Portfolio

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 Vintage Year Investment Focus / Type VPEG3 Commitment Capital Drawn Down Total No. of Investee Companies No. of Exits
Adamantem Capital Fund 1 $591m 2017 Mid Market Expansion / Buyout $10m $7.87m 6 0
Odyssey Private Equity Fund 8 $275m 2017 Mid Market Growth Capital $7m $3.89m 5 0
Advent Partners 2 $300m 2017 Mid Market Expansion / Buyout $10m $4.56m 5 0
Allegro Fund III $290m 2017 Mid Market Expansion / Buyout $12m $4.36m 5 0
Anchorage Capital Partners Fund III $350m 2017 Mid Market Expansion / Buyout $10m $5.58m 3 0
Mercury Capital Fund 3 $600m 2019 Mid Market Expansion $7.5m $2.63m 4 0
Next Capital Fund IV $350m* 2019 Mid Market Expansion $10m $2.28m 4 0
Co-Invest 1 (Fitzpatrick Financial Group) $200m 2017 Mid Market Expansion $0.25m $0.27m 1 0
Co-Invest 2 (Tribe Brewing Pty Ltd) $30m 2018 Mid Market Expansion $0.75m $0.66m 1 0
TOTALS $67.50m $32.09m 34 0

* target fund size