30 August 2017
Vantage Private Equity Growth 3 today announced that it had completed a $10m investment commitment to the Advent Partners 2 Fund.
The Advent Partners 2 Fund is managed by leading Australian mid-market buyout firm, Advent Partners of Melbourne. Advent Partners 2 is targeting total commitments from investors of $300m, for investment into lower to mid-market expansion and buyout opportunities in Australia and New Zealand. Advent completed a first close of Advent Partners 2 Fund in early August 2017.
Advent Partners (formerly Advent Private Capital) were established in 1984 and is one of Australia’s oldest private equity fund managers. The Firm has operated continuously for over 30 years, establishing and managing many funds and investing in more than 80 private businesses.
The Advent Partners 2 Fund will focus on lower to mid-market buyouts, investing in profitable companies with earnings (EBITDA’s) between $5m to $30m and an enterprise value of $30m to $150m at investment.
Read more about the Advent Partners 2 Fund