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Printed: 28 November 2024 8:31 AM

News

10 May 2021 - Performance Report: Vantage Private Equity Growth 4

By: Australian Fund Monitors

Report Date10 May 2021
ManagerVantage Asset Management
Fund NameVantage Private Equity Growth 4
StrategyPrivate Equity
Latest Return DateMarch 2021
Latest Return2.80%
Latest 6 Months39.01%
Latest 12 Months60.23%
Latest 24 Months (pa)24.96%
Annualised Since Inception17.49%
Inception Date01 May 2015
FUM (millions)AU$80
Fund OverviewThe Fund's investment strategy is focused exclusively on lower to mid-market Growth Private Equity. This segment of Private Equity focuses on investments into profitable businesses with proven products and services.

These businesses typically have a strong market position and generate strong cash flows, which will allow the Fund to generate strong consistent returns to investors, while significantly reducing the risk of a loss within the portfolio.

The Fund will invest in Private Equity funds based in Australia, along with Permitted Co-investments, to create a well diversified portfolio of Private Equity investments. These investments will be made by the Fund, by making Commitments to the Private Equity funds of the best performing Private Equity fund managers, that in turn make investments into profitable companies requiring Later Expansion and Buyout capital to accelerate their growth and enhance their value.
Manager CommentsPrior Vantage funds continue to perform well with March seeing a composite performance of +2.80%. Quarterly performance was +14.23% and 12 month performance +60.23%. This strong performance was achieved as a result of the sale or IPO / ASX listing of number of portfolio companies during the December 2020 and March 2021 quarters, that delivered Vantage's Funds an average 4.4 X return on invested capital for an average annualised return of +56.6% p.a. across those exits.

VPEG4 also continues to build its portfolio with two new companies recently acquired by underlying funds including Climate Friendly and Altius Group. Climate Friendly is a profitable, market leading developer of land-based carbon offsets in Australia that works with land holders, managers and Traditional Custodians to regenerate their land and create carbon abatement farms, ultimately earning Australian Carbon Credit Units (ACCU) and securing more sustainable and diversified revenue for their clients. Altius Group is a highly profitable, leading provider of allied health services in Australia that provides a range of services including occupational rehabilitation case management and return-to-work support, employee counselling and wellbeing through employee assistance programs, functional capacity assessments and physical therapeutic treatment to disabled individuals under the National Disability Insurance Scheme.

Vantage's pipeline of Private Equity investment opportunities remains strong and expects the VPEG4 portfolio to continue to grow in value across 2021.
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