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6 November 2018

Notice of Annual General Meeting

The 2018 Annual General Meeting (AGM) for Vantage Private Equity Growth Limited (VPEG) will be held at 10am AEDST, Thursday 29 November 2018 at L17, 8 Chifley Square, Sydney NSW 2000

Agenda

1. Financial statements and reports. To receive and consider:

(a) the financial statements;
(b) the directors’ report; and
(c) the auditor’s report of the Company for the year ended 30 June 2018

2. Outlook for 2019

3. Resolution 1 – Equal Share Capital Reduction“To consider and, if thought fit, to pass the following resolution as an ordinary resolution: To approve and ratify the following equal share capital reduction to be undertaken by the Company: An equal share capital reduction of AU$0.03 per ordinary share to be paid by the Company to each holder of ordinary shares, on or about the 15th of December 2018;

Further details are provided in the Agenda and Explanatory Memorandum

Download a copy of the VPEG 2018 Annual Report

15 August 2018 

VPEG Quarterly Report for the 3 months ending 30 June 2018

Special points of interest:

-      Next Capital II sells Onsite Rental Group and announces the sale of its final portfolio company, Discovery Onslow.

-      Advent V sells 59.4 million shares in ASX listed Pro-Pac Packaging Limited, following a rally in its share price to the issue price received following the merger with portfolio company Integrated Packaging Group in November 2017.

 -      Catalyst Buyout Fund 2 sells a majority of their remaining shares in ASX listed Adairs, following a strong uplift in its share price to near its IPO issue price.

 -      VPEG distributes $2,964,439 (8.38c / share) to shareholders during the quarter, as a result of underlying portfolio company exits and share sell downs across the first half of 2018.

View or download a copy of the VPEG June 2018 Quarterly Report

29 May 2018

2018 – Return of Capital Distribution Resolution

At the General Meeting of Shareholders of Vantage Private Equity Growth Limited (VPEG) held on 29 May 2018, 100% of Shareholders present at the meeting in person or by proxy (representing 39.0% of all shares on issue) voted in favour of the resolution for an equal share capital reduction of AU$0.0414 per ordinary share to be paid by the Company to each holder of ordinary shares, on 15th of June 2018.

15 May 2018 

VPEG Quarterly Report for the 3 months ending 31 March 2018

Special points of interest:

-      Three exits completed from VPEG’s underlying portfolio during the quarter, leading to the resolution to distribute $1,499,994 to Shareholders in April 2018.

-      Crescent Capital Partners III completes the sale of Steel-Line Garage Doors to Japanese owned, Bunka Shutter

-      With 38 exits completed from the underlying portfolio, VPEG ultimately held interests in 11 remaining underlying company investments at 31 March 2018.

View or download a copy of the VPEG March 2018 Quarterly Report 

3 May 2018

A meeting for shareholders of Vantage Private Equity Growth Limited (VPEG) will be held at 11.00am AEST, Tuesday 29 May 2018 at L25, 88 Phillip Street, Sydney NSW 2000

The purpose of the meeting is to transact the business set out below;

1. Resolution 1 – Equal Share Capital Reduction “To consider and, if thought fit, to pass the following resolution as an ordinary resolution: To approve and ratify the following equal share capital reduction to be undertaken by the;

Company: An equal share capital reduction of AU$0.0414 per ordinary share to be paid by the Company to each holder of ordinary shares, on or about the 15th of June 2018;

The meeting notification, Explanatory Memorandum and proxy voting forms for the meeting can be downloaded here: VPEG General Meeting 29May 2018 – Notification & Proxy Forms

5 April 2018

2018 – Return of Capital Distribution Resolution

At the General Meeting of Shareholders of Vantage Private Equity Growth Limited (VPEG) held on 5 April 2018, 100% of Shareholders present at the meeting in person or by proxy (representing 38.0% of all shares on issue) voted in favour of the resolution for an equal share capital reduction of AU$0.042405 per ordinary share to be paid by the Company to each holder of ordinary shares, on 23 April 2018.

12 March 2018

A General Meeting for Shareholders of Vantage Private Equity Growth Limited (VPEG) will be held at 11:30am AEST, Thursday 5 April 2018 at L25, 88 Phillip Street, Sydney NSW 2000

The purpose of the meeting is to transact the business set out below;

1. Resolution 1 – Equal Share Capital Reduction  “To consider and, if thought fit, to pass the following resolution as an ordinary resolution: To approve and ratify the following equal share capital reduction to be undertaken by the

Company: An equal share capital reduction of AU$0.042405 per ordinary share to be paid by the Company to each holder of ordinary shares, on or about 23 April 2018;

The meeting notification, Explanatory Memorandum and proxy voting forms for the meeting can be downloaded here; VPEG General Meeting 5 April 2018 – Notification & Proxy Forms

23 February 2018

VPEG Quarterly Report for the 3 months ending 31 December 2017

Special points of interest:

-      Four Exits completed from VPEG’s underlying portfolio during the quarter, leading to the payment of $2,865,217 in distributions to Shareholders.

-      Archer Capital Fund 4 sells Brownes Dairy to a consortium led by Shanghai Ground Food Tech Co. Ltd.

-      Crescent Capital Partners III completes agreement to sell GroundProbe to ASX listed Orica for an Enterprise Value of $205m.

-      With 35 exits completed from the underlying portfolio, VPEG ultimately held interests in 14 remaining underlying company investments at 31 December 2017.

View or download a copy of the VPEG December Quarterly Report 2017

21 November 2017

Notice of General Meeting

A General Meeting for Shareholders of Vantage Private Equity Growth Limited (VPEG) will be held at 2pm AEST, Wednesday 13 December 2017 at L25, 88 Phillip Street, Sydney NSW 2000

The purpose of the meeting is to transact the business set out below;

  1. Resolution 1 – Equal Share Capital Reduction “To consider and, if thought fit, to pass the following resolution as an ordinary resolution: To approve and ratify the following equal share capital reduction to be undertaken by the Company: An equal share capital reduction of AU$0.037 per ordinary share to be paid by the Company to each holder of ordinary shares, on or about the 28th of December 2017;”

The meeting notification, Explanatory Memorandum and proxy voting forms for the meeting can be downloaded here; VPEG General Meeting 13 December 2017 – Notification & Proxy Forms

31 October 2017

Notice of Annual General Meeting

The 2017 Annual General Meeting (AGM) for Vantage Private Equity Growth Limited (VPEG) will be held at 10am AEDST, Tuesday 21 November 2017 at L17, 8 Chifley Square, Sydney NSW 2000

Performance Highlights from VPEG’s 2017 Annual Report;

- Five follow on investments completed into existing portfolio companies

- Three exits completed from the underlying investment portfolio, delivering VPEG a weighted average 3.0X original 
cost of investment into those companies

- Total Income of $3.96m, up 57% over the $2.52m received in FY16

- Net Profit after Tax of $1.78m up 65% over the $1.08m Profit of FY16

- Total Distributions received from underlying funds of $4.31m

- Total Return of Capital received $396k

- Total Cash Distributions paid to Shareholders during FY17 of 17.7c per share plus 3.2c per share in franking credits. Distributions consisted of;

- Fully franked dividend distribution of 7.5c per share paid in November 2016

- Return of Capital distributions of 10.2c per share consisting of 3.7c per share paid in December 2016 and 6.5c per share paid in June 2017

- A further fully franked dividend distribution of 4.42c per share, to be paid to Shareholders during November 2017, from retained earnings at 30 June 2017

22 August 2017

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 30 June 2017

Special Points of Interest

- Advent 6 exits investee company Orionstone, following the successful recapitalisation and merger with ASX listed Emeco Holdings Limited and Andy’s Earthmoving.

- VPEG distributes a 6.5c per share Return of Capital to all Shareholders following approval at the General Meeting held on 6 June 2017.

- Across the 12 months ended 30 June 2017, VPEG Shareholders received total distributions of $20,896 for each 100,0000 shares held.

View a copy of the VPEG June 2017 Quarterly Report

22 May 2017

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 31 March 2017

Special Points of Interest;

-  Equity Partners 3, sells leading home ventilation systems provider, E-Co Products Group (HRV) to NZX Listed, Vector Limited, delivering a strong top quartile return to EP3 investors including VPEG.

-  VPEG’s Board approves a 6.5c per Share Return of Capital following the receipt of distributions from the exit of HRV.

-  Payment of a Return of Capital will be made to all Shareholders’ prior to 30 June 2017, subject to approval of VPEG Shareholders at a General Meeting to be held on 6 June 2017.

View a copy of the VPEG March 2017 Quarterly Report

15 May 2017

Notice of General Meeting

A General Meeting for Shareholders of Vantage Private Equity Growth Limited (VPEG) will be held at 10am AEST, Tuesday 6 June 2017 at L25, 88 Phillip Street, Sydney NSW 2000

The purpose of the meeting is to transact the business set out below;

  1. Resolution 1 – Equal Share Capital Reduction“To consider and, if thought fit, to pass the following resolution as an ordinary resolution: To approve and ratify the following equal share capital reduction to be undertaken by the Company:An equal share capital reduction of AU$0.065 per ordinary share to be paid by the Company to each holder of ordinary shares, on or about the 20th of June 2017;”

The meeting notification, Explanatory Memorandum and proxy voting forms for the meeting can be downloaded here; VPEG General Meeting 06 June 2017 – Notification & Proxy Forms

14 February 2017

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 31 December 2016

Special Points of Interest;

- VPEG Distributes 11.2 cents Per Share, Plus Franking Credits, to all Shareholders, During the December 2016 Quarter

- VPEG’s Private Equity Exposure increases from 64.1% to 80.6% Following an Improvement in Underlying Company Valuations and the Payment of almost $4m in Distributions to Shareholders.

- VPEG3 Completes $20m First Close, Commencing its Investment Program in Early 2017. New Investors Can Participate via Online Application Process at Invest Now in VPEG3

View a copy of the December 2016 Quarterly Report

15 November 2016

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 30 September 2016

Special Points of Interest;

- Next Capital II Portfolio Company Next Athleisure Sells Trend Imports and Glue Stores to UK listed retailer Fashion Plc.

- VPEG to pay 7.5c per share, Fully Franked Dividend to all Shareholders on 24 November 2016 and a 3.7c per share Return of Capital During December 2016.

- VPEG3 Now Open, enhancements include Superior Tax Effective Structure, Regular Income, Incremental Calls on Capital, Improved Cash Flows, Option to Redeem after 4 years & an Online Application Process.

- VPEG3 Offers Full Rebate of 1st year’s Management Fee to all Existing VPEG Investors Participating in First Close by 15 December 2016.

View a copy of the September 2016 Quarterly Report

31 October 2016

Notice of Annual General Meeting

The 2016 Annual General Meeting (AGM) for Vantage Private Equity Growth Limited (VPEG) will be held at 10am AEDST, Tuesday 29 November 2016 at L17, 8 Chifley Square, Sydney NSW 2000

27 October 2016

2016 Final Fully Franked Dividend Resolution

At the October 2016 Board Meeting of Vantage Private Equity Growth Limited (VPEG), the board accepted the FY16 audited annual accounts for the company and resolved to pay a fully franked dividend of 7.5c per share to Shareholders on 24 November 2015.

Performance Highlights from VPEG’s Annual Report For FY16;

- Three follow on investments and one bolt on acquisition completed into existing underlying portfolio companies

- Three underlying company investments completely exited from the underlying investment portfolio, delivering VPEG 1.9 X the original investment into those companies

- Total Income received $2.52m

- Total Return of Capital received $2.37m

- Net Profit after Tax of $1.08m

- Total Distributions paid to Shareholders during FY16 of 21c per share. Distributions consisted of;

- Return of Capital of 11.3c per share (7c per share paid in July 2015 and 4.3c per share paid in June 2016)

- Fully franked dividend of 9.7c per share paid in November 2015

- Total Shareholder return during FY16 of 7.4%

- A Fully Franked dividend of 7.5c per share to be paid to Shareholders during November 2016, from Retained Earning at 30 June 2016

- A further 3.7c per share, Return of Capital distribution to be paid to Shareholders during December 2016, (subject to Shareholder approval at the Company’s AGM on 29 November 2016)

Download a copy of the VPEG 2016 Annual Report

26 August 2016

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 30 June 2016

Special Points of Interest;

- Next Capital Fund II exits Scottish Pacific Debtor Finance via a successful $293m IPO and listing on the ASX resulting in a strong distribution to VPEG in early July.

- VPEG distributes a 4.3c per share Return of Capital to all shareholders following the receipt of proceeds from the completion of the sale of Healthe Care by Archer 4.

- With 27 exits completed from the underlying portfolio, VPEG ultimately held interests in 22 underlying company investments at 30 June 2016.

View a copy of the June 2016 Quarterly Report

13 July 2016

Next Capital II Investee, Scottish Pacific Group, Successfully Lists on the ASX

Scottish Pacific Group (ASX:SCO) has been admitted to the Official List of the Australian Securities Exchange (ASX) with its ordinary shares trading from midday 13 July 2016.

Scottish Pacific Group is the clear market leader in the SME finance sector, with more than 1600 clients in Australia and New Zealand, handling more than $10 billion of invoices each year and providing debtor and trade finance funding exceeding $800 million.

Based on the listing price, Scottish Pacific Group will have a market cap of over $440m.

Read more about Next Capital II’s exit of Scottish Pacific Group

30 June 2016

Underlying Private Equity Portfolio Performance Update

As at 30 June 2016, the seven Private Equity funds in which VPEG has commitments had invested in 49 underlying companies of which 27 have been sold to date. Those exits have generated 2.94 times the original cost of investment into those companies, across an average hold period of 4.1 years, delivering a weighted average gross IRR of 28.4% p.a.

9 June 2016

2016 – Return of Capital Distribution Resolution

At the General Meeting of Shareholders of Vantage Private Equity Growth Limited (VPEG) held on 9 June 2016, 100% of Shareholders present at the meeting in person or by proxy (representing 40.4% of all shares on issue) voted in favour of the resolution for an equal share capital reduction of AU$0.043 per ordinary share to be paid by the Company to each holder of ordinary shares, on 24th of June 2016.

17 May 2016

Notice of General Meeting

A General Meeting for Shareholders of Vantage Private Equity Growth Limited (VPEG) will be held at 11am AEDST, Thursday 9 June 2016 at L17, 8 Chifley Square, Sydney NSW 2000

The purpose of the meeting is to transact the business set out below;

  1. Resolution 1 – Equal Share Capital Reduction“To consider and, if thought fit, to pass the following resolution as an ordinary resolution: To approve and ratify the following equal share capital reduction to be undertaken by the Company:An equal share capital reduction of AU$0.043 per ordinary share to be paid by the Company to each holder of ordinary shares, on or about the 30th of June 2016;”

The meeting notification, Explanatory Memorandum and proxy voting forms for the meeting can be downloaded here; VPEG General Meeting 09 June 2016 – Notification & Proxy Forms

16 May 2016

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 31 March 2016

Special Points of Interest;

- Subsequent to quarter end, Archer 4 completes the sale of Healthe Care to China’s Luye Medical Group, following approval by the Foreign Investment Review Board.

- VPEG’s Board approves a 4.3c per share Return of Capital to all shareholders following the receipt of distributions from the Healthe Care exit.

- Payment of the Return of Capital distribution will be made to all Shareholders, prior to 30 June 2016, subject to the approval of VPEG Shareholders at a General Meeting to be held during June 2016.

View a copy of the March 2016 Quarterly Report

16 February 2016

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 31 December 2015

Special Points of Interest;

- Archer Capital Fund 4 announces the sale of hospital group, Healthe Care to China’s Luye Medical Group for a media reported $938m.

- Next Capital II’s investee Scottish Pacific completes bolt-on acquisition of Bibby Australasia in preparation for an IPO later in the year.

- VPEG has now paid $108,327 in cumulative distributions, per 100,000 shares, to its shareholders since inception.

View a copy of the December 2015 Quarterly Report

06 December 2015

Archer Sells Healthe Care to Chinese Hospital Operator Luye Medical Group

Vantage Private Equity Growth Limited (VPEG) underlying fund manager Archer Capital , issued a press release today advising that Archer Capital Fund 4 portfolio company, Healthe Care was to be acquired by Luye Medical Group.

Luye Group has a network of healthcare facilities across major cities in China as well as a significant shareholding in Luye Pharma Group, a leading Chinese pharmaceutical company with an approximately A$4 billion market capitalisation on the Hong Kong stock exchange.

Healthe Care is the third largest corporate private hospital operator in Australia and one of the country’s largest privately-owned healthcare companies. Healthe Care operates a portfolio of 17 hospital sites located in major cities and key regional areas across Australia. The company has over 1,800 beds, more than 50 operating theatres and 4,500 employees.

The news media (AFR & The Australian) reported that Healthe Care had been sold to Luye Medical Group for $938m. The transaction remains subject to regulatory approval and is expected to complete in Q1 2016.

24 November 2015

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 30 September 2015

Special Points of Interest;

- VPEG distributes a further $0.07 / share, as a Return of Capital distribution to shareholders during July 2015.

- Quadrant Private Equity No. 2 completes the exit of the final two investments from its portfolio, delivering VPEG a further $1.58m in distributions.

- Quadrant Private Equity No. 2’s underlying investments (all exited) deliver VPEG a weighted average 2.8 X return on investment across an average holding period of 5.2 years representing a Gross Internal Rate of Return (IRR) of 26%.

View a copy of the September 2015 Quarterly Report

29 October 2015

Notice of Annual General Meeting

The 2015 Annual General Meeting (AGM) for Vantage Private Equity Growth Limited (VPEG) will be held at 10am AEDST, Wednesday 25 November 2015 at L17, 8 Chifley Square, Sydney NSW 2000

The Agenda, for the meeting can be downloaded here; VPEG 2015 AGM Notification

26 October 2015

2015 – Fully Franked Dividend Resolution

At the October Board Meeting of Vantage Private Equity Growth Limited (VPEG), the board accepted the FY15 audited annual accounts for the company and resolved to pay a fully franked dividend of 9.7c per share to Shareholders on 24 November 2015.

Click here to download a copy of the VPEG 2015 Annual Report

Performance Highlights from VPEG’s Annual Report For FY15;

- Five follow on investments completed into existing portfolio companies to fund expansion

- Three underlying company investments sold, delivering VPEG 3.4 X original investment into those companies

- Total Income of $5.481m

- Net Profit after Tax of $3.414m

- Total Distributions paid to Shareholders during FY15 of 17.4c per share

- Total Shareholder return during FY15 of 6.5%

- An additional Return of Capital distribution to Shareholders of 7c per share paid in July 2015

19 August 2015

Vantage Private Equity Growth Limited Quarterly Report for the 3 months ending 30 June 2015

Special Points of Interest;

- Catalyst Buyout Fund 2 sells 50% of its shares in Adairs via a successful IPO and listing on the ASX resulting in a strong distribution to VPEG.

- Archer Capital 4 negotiates early repayment of debt security held in MYOB delivering a further distribution to VPEG.

- The increase in distributions received by VPEG from the divestment of underlying investments during the quarter, will lead to further distributions to shareholders in the December 2015 quarter.

View a copy of the June 2015 Quarterly Report

30 June 2015

Underlying Private Equity Portfolio Performance Update

As at 30 June 2015, the seven Private Equity funds in which VPEG has commitments had invested in 49 underlying companies of which 24 have been sold to date.

Those exits have generated 3.13 X the original cost of investment in those companies across an average hold period of 3.9 years, delivering a weighted average gross IRR of 32.5% p.a.