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$100m private equity fund launch attracts SMSFs

One private equity funds specialist has launched a $100 million private equity fund which has already received strong SMSF investment.

 

According to the asset manager, the Vantage Private Equity Growth 2 (VPEG2) fund provides investors with access to private equity funds in the later expansion and mid-market buyout space where companies typically have an enterprise value of between $50 million and $500 million at initial investment.

Vantage Asset Management managing director Michael Tobin said this segment of private equity has traditionally been inaccessible to SMSFs due to the “high investment minimums, and the skills and expertise required to participate in this high performing asset class”.

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The asset manager said the features of the fund include a “tax efficient structure and a focused investment strategy with targeted returns to investors of 20 per cent per annum across a six- to eight-year investment timeframe”.

“VPEG2 investors will receive regular distributions as the fund receives them from the underlying company investments, with the bulk of the returns delivered as the underlying companies are sold after being held within the portfolio on average for between two to four years,” the asset manager said.

According to Vantage Asset Management, VPEG2 has already received “strong support from local SMSFs, family offices and small institutional investors”.

$100m private equity fund launch attracts SMSFs
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Anonymous - This is nonsense. The dividend imputation and CGT changes will have pervasive effects.....
Peter Stewart - Perhaps the above statement about wealth tied up in the family home may lead to greater use of the Pension Loan Scheme post the 1st July new launch....
TRC - So as Shortons Nett wealth is 61 million, I would imagine he would not be happy about this either as it will hit him too being the top end of town and all......
Anonymous - My 94 y.o. mother is a self funded retiree and never has had any superannuation. Fully franked dividends account for 99% of her $41,000 taxable.......