Vantage Private Equity Growth Limited (VPEG) is an independent multi manager Private Equity Investment Company whose primary objective is to provide investors with the benefit of a well-diversified Private Equity investment portfolio.
Private Equity as an asset class has attracted a growing amount of interest from investors over recent years as it continues to outperform traditional asset classes. VPEG offers investors the opportunity to share in the returns of this asset class, while substantially removing the hurdles that have traditionally limited investor access to it.
Through its unique structure, focused investment guidelines, systematic and rigorous fund manager selection criteria and its arrangements with highly experienced Private Equity investment management and advisory groups, VPEG is confident of delivering superior absolute returns to Investors.
Latest News
18 December 2023
Our Liquidator has now obtained ATO’s clearance and with this we can now proceed with the distribution process to creditors and, subsequently, to shareholders.
As of 25 May 2023, our final monthly NAV pricing update date, there is approximately $1.6 million available for distribution to shareholders. Since 25 May 2023, VPEG has incurred various necessary expenses, including registry fees, liquidation fees, and other associated costs. Despite these expenditures, the amount remains substantial and not significantly less than $1.6 million.
We are working closely with our liquidators and registry to ensure that the final distribution is expected to be paid to shareholders by late-February 2024.
Should you have any questions or require further clarifications, please feel free to reach out to us at [email protected].
26 May 2023
We are pleased to inform you that all resolutions tabled to the Extraordinary General Meeting of Shareholders of Vantage Private Equity Growth Limited (VPEG) held on Thursday, 25th May 2023 have been successfully passed, marking the formal commencement of the liquidation process for the entity.
The liquidation process is underway upon appointment of the liquidator and it is anticipated to be finalised in the next 3 months from the date of the Extraordinary General Meeting, subject to regulatory clearance. Upon obtaining all required approvals, the liquidator will instruct the registry to process the final distribution of the Company’s assets to the shareholders.
We appreciate your continued support and participation throughout this process. Should you have any further inquiries, please do not hesitate to contact [email protected].
4 May 2023
Notice is hereby given that an Extraordinary General Meeting of Shareholders of Vantage Private Equity Growth Limited (VPEG) will be held as a virtual meeting at 10:30am AEST, Thursday 25th May 2023 for the purpose of transacting the businesses set out below:
Resolution 1 & 2 – Members’ Voluntary Liquidation of the Company (Special Resolutions)
To consider and, if thought fit, to pass the following resolution as Special resolutions:
“That the Company be wound up voluntarily”
And
“That authority be and is hereby given to the Liquidator to distribute and dispose of the assets of the company by set off, in specie, or by any manner whatsoever which, in their absolute discretion, will expedite the distribution among Members of the company according to their respective rights and interests.”
Resolution 3 – Appointment of Liquidator (Ordinary resolution)
Subject to Resolutions 1 and 2 being passed, to consider and, if thought fit, to pass the following resolution as an ordinary resolution:
“That David Hurst of Mackay Goodwin, be appointed Liquidator for the purposes of winding up”.
Resolution 4 – Remuneration of Liquidator (Ordinary resolution)
Subject to Resolution 3 being passed, to consider and, if thought fit, to pass the following resolution as an ordinary resolution:
“That the remuneration of the Liquidator from the date of appointment of the Liquidator to the completion of the Liquidation be approved up to a maximum amount of $10,000 plus GST and disbursements, calculated in accordance with the Mackay Goodwin hourly rates (as detailed in a Remuneration Report pursuant to Section 495 of the Corporations Act 2001) and as varied from time to time with such annual increases (if any) to be no greater than 10% of the base rate, and that the Liquidator be authorised to draw the remuneration on a monthly basis or as required.”
Resolution 5 – Destruction of the books and records of the Company (Ordinary resolution)
Subject to Resolution 3 being passed, to consider and, if thought fit, to pass the following resolution as an ordinary resolution:
“That subject to obtaining the approval from the Australian Securities and Investments Commission pursuant to the Corporations Act 2001, the books and records of the company and of the Liquidator be disposed of by the Liquidator six months after dissolution of the company.”
For further details please download the Agenda and Explanatory Memorandum.
If would like to join the virtual Extraordinary General Meeting and vote on the resolutions being tabled, please fill the Registration Form and you will receive video conference details by way of an invitation close to the meeting date.
If you have any questions, do not hesitate to contact [email protected].
Financials & Reports
After the end of each month, the Company will release via its website at Investment Portfolio a statement of the net asset value per share as at the end of the preceding month.
Following each calendar quarter the Company will produce an investor report which will be made available via its website at Financials – Quarterly Investor Reports. This report contains details of the progress of the Company’s investments, including new private equity commitments made by the Company during the quarter, as well as new investments made / divestments achieved by the underlying funds. Copies of the quarterly report will be posted to Investors who request it.
View VPEG’s Latest Financials & Reports »
Investment Strategy
The Company is focused on providing the majority of its commitments and investments to underlying funds that invest in businesses that are at a more mature stage of development, and in particular the Later Expansion and Buyout stages of Private Equity investment.
Read more about our Investment Strategy »
Private Equity Portolio
VPEG, with remaining commitments to three Private Equity funds, ultimately held interests in 4 underlying company investments as well as residual holdings of a listed portfolio company and one other previously exited company at 30 June 2020.
View VPEG’s Private Equity Portfolio
Investment Process
Only Private Equity funds whose manager’s or management team’s previous funds have in the past performed within the Top Quartile of returns as measured by the relevant benchmark will be considered for investment by the Company.
Read more about our investment process »
Research Reports
In June 2007 Aegis Equities Research reviewed Vantage Private Equity Growth Limited and produced a detailed research report with a Recommended rating.
Read more about the Research Reports »
Anti-Money Laundering Laws
On 12 December 2007, the first major changes for financial product issuers, financial planners and investors under the new Anti-Money Laundering and Counter-Terrorism Act 2006 (AML/CTF) became effective.
Please refer to “AML/CTF Customer Identification Requirements” to learn about the new legislation and client identification requirements, and how this will affect investors applying for Shares in Vantage Private Equity Growth Limited.