16 January 2017
Vantage Private Equity Growth 3 (VPEG3) successfully completed its First Close on 16 January 2017 with 75 investors committing approximately $20m of capital to the Fund, allowing VPEG3 to commence its investment program.
VPEG3 is now scheduled to make its first investment commitment during the March 2017 quarter, to a mid-market focused, expansion / buyout fund managed by a highly experienced, top quartile performing, Australian domiciled, private equity fund manager.
With a target raise of $100m, VPEG3 currently remains open for new investors to participate, including Sophisticated Investors and Significant Investor Visa (SIV) Applicants, with month-end closes planned until the target fund size is reached.
VPEG3 will continue with the same successful investment strategy of its predecessor funds, VPEG & VPEG2 and is focused exclusively on investing in the strongest performing, small to mid-market, expansion & buyout segment of private equity in Australia and New Zealand.
