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||$4.31m||6||0|
|Advent Partners 2||$300m||2017||Mid Market Expansion / Buyout||$10m||$5.93m||5||1|
|Allegro Fund III||$290m||2017||Mid Market Expansion / Buyout||$12m||$4.49m||5||1|
|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||$3.53m||5||0|
|Next Capital Fund IV||$350m*||2019||Mid Market Expansion||$10m||$3.45m||5||0|
|Co-Invest 1 (Fitzpatrick Financial Group)||$200m||2017||Mid Market Expansion||$0.25m||$0.28m||1||0|
|Co-Invest 2 (Tribe Brewing Pty Ltd)||$30m||2018||Mid Market Expansion||$0.75m||$0.66m||1||0|
* target fund size