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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 ($M) VINTAGE INVESTMENT STRATEGY COMMITMENT ($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