Investment Portfolio Value

Each commitment or investment made by VPEG2 to an underlying Private Equity Investment will be invested in, by each of the trusts, VPEG2A and VPEG2B, on a pro rata basis across each Investment.

Vantage Private Equity Growth Trust 2A

Over time and during the term of VPEG2A, Capital Calls will be made by Vantage to each Investor in VPEG2A with the Called Funds applied towards meeting the call payment obligations for each Underlying Private Equity Investment of the Trust, or to meet working capital requirements of the Trust. As each Capital Call is paid by an investor to VPEG2A, the Paid Capital on each VPEG2A Partly Paid Unit increases such that the Paid Capital is equal to the aggregate of Called Capital less any distributions paid by VPEG2A to investors.

The current Paid Capital, investment portfolio allocation and net asset value (NAV) per Partly Paid Unit for VPEG2A is as follows:

Month Ending
Cash
Fixed Interest Investments
Private Equity
(Value)
Paid Capital ($ / Per Partly Unit )
NAV ($ / Per Partly Unit )
Distributions Paid ($ / Per Partly Unit )
Cumulative Distributions Paid ($ / Per Partly Unit )
28 Feb 20190.1%5.3%94.6%0.9251.0710.130
31 Jan 20190.1%5.4%94.5%0.9251.0680.130
31 Dec 20180.2%5.7%94.0%0.9251.0600.130
30 Nov 20184.6%1.9%93.5%0.8650.9480.130
31 Oct 2018 5.8%2.0%92.2%0.8650.9230.130
30 Sep 20181.2%2.0%96.8%0.8650.9210.130
31 Aug 20184.2%2.6%93.2%0.8650.8760.130
31 Jul 20180.1%1.3%95.7%0.790.8060.130
30 Jun 20183.4%9.9%86.7%0.790.8220.0250.130***** *
31 May 20180.2%2.9%96.9%0.690.6850.105
30 Apr 20180.4%2.9%96.7%0.690.6870.105
31 Mar 20183.3%2.9%93.7%0.690.6800.105
28 Feb 20183.7%3.0%93.3%0.690.6640.105
31 Jan 2018 0.1%3.0%96.9%0.690.6660.105
31 Dec 20176.3%2.0%91.7%0.690.6560.105
30 Nov 20178.7%3.0%88.3%0.630.5550.0450.105*****
31 Oct 20170.0%3.4%96.6%0.510.4870.06
30 Sep 20170.5%4.1%95.4%0.510.4950.06
31 Aug 20170.4%2.0%97.6%0.460.4360.06
31 Jul 20175.2%4.3%90.5%0.460.4490.06
30 Jun 20175.2%9.3%85.5%0.460.4520.06
31 May 20170.1%11.2%88.7%0.460.4110.06
30 Apr 20170.2%3.7%96.1%0.410.3620.06
31 Mar 20170.0%4.8%95.2%0.410.3650.06
28 Feb 20170.1%10.5%89.4%0.410.3580.06
31 Jan 20170.2%17.5%82.3%0.410.3590.06
31 Dec 20160.2%25.4%74.4%0.410.360****0.060.06
30 Nov 20160.2%21.0%78.8%0.300.300
31 Oct 201620.7%12.9%66.5%0.300.304
30 Sep 20160.1%13.5%86.4%0.300.304***
31 Aug 20161.3%15.5%83.1%0.300.264
31 Jul 20161.3%15.9%82.8%0.300.267
30 Jun 201616.8%2.0%81.3%0.300.279**
31 May 20160.4%15.9%83.7%0.250.205
30 Apr 201620.6%3.6%75.8%0.250.197
31 Mar 20161.9%5.5%92.6%0.200.162
29 Feb 20167.1%1.1%91.8%0.200.164
31 Jan 20162.0%20.3%77.7%0.150.116
31 Dec 20152.2%20.6%77.2%0.150.119
30 Nov 20151.9%27.9%70.2%0.150.121
31 Oct 20153.1%21.8%75.2%0.100.075
30 Sep 20152.9%23.4%73.7%0.100.078*
31 Aug 20154.0%32.9%63.1%0.100.060
31 Jul 20151.7%53.5%44.8%0.100.060
30 Jun 20151.5%53.4%45.1%0.100.064
31 May 201520.8%53.2%25.9%0.100.069
30 Apr 201524.4%56.0%19.6%0.100.070
31 Mar 20150.9%76.7%22.4%0.100.069
28 Feb 201518.1%59.5%22.4%0.100.070
31 Jan 201525.1%51.0%23.9%0.100.069
31 Dec 201413.2%61.7%25.1%0.100.075
30 Nov 201467.3%32.7%0.0%0.050.021
31 Oct 20148.8%91.2%0.0%0.050.016
30 Sep 20148.1%91.9%0.0%0.050.017
31 Aug 20147.3%92.7%0.0%0.050.019
31 Jul 2014100.0%0.0%0.0%0.050.021
30 Jun 2014100.0%0.0%0.0%0.050.022
31 May 2014100.0%0.0%0.0%0.050.028

* The increase in NAV during September 2015 was due to an increase in the value of the underlying Private Equity portfolio due to earnings improvement across the portfolio.

** The increase in NAV during June 2016 was due to an increase in the value of the underlying Private Equity portfolio due to earnings improvement. For VPEG2A the additional increase in NAV was also due to the increase in called capital from VPEG2A unitholders from $0.25 to $0.30 per partly paid unit

*** The increase in NAV during September 2016 was due to an increase in the value of the underlying Private Equity portfolio, due to earnings improvement

**** During December 2016 called capital from VPEG2A unitholders increased from $0.30 to $0.41 per partly paid unit. VPEG2A unitholders also received a simultaneous distribution of $0.06 per partly paid unit during December 2016.

***** During November 2017 called capital from VPEG2A unitholders increased from $0.51 to $0.63 per partly paid unit. Additionally, VPEG2A unitholders gained a further $0.045 per partly paid unit in distributions, increasing the cumulative distributions paid to $0.105 per partly paid unit.

***** * During June 2018 called capital from VPEG2A unitholders increased from $0.69 to $0.79 per partly paid unit. Additionally, VPEG2A unitholders gained a further $0.025 per partly paid unit in distributions, increasing the cumulative distributions paid to $0.130 per partly paid unit.

Vantage Private Equity Growth Trust 2B

The Committed Capital of investors participating in VPEG2B is paid in full at investment, such that each Unit issued in VPEG2B is fully paid at investment.

The current investment portfolio allocation and net asset value (NAV) per unit for VPEG2B is as follows:

Month Ending
Cash
Fixed Interest Investments
Private Equity (Value)
NAV ($ / Unit)
Distributions Paid ($ / Unit )
Cumulative Distributions Paid ($ / Unit )
28 Feb 20190.2%10.1%89.8%1.2040.1503
31 Jan 20190.2%10.3%89.5%1.2030.1503
31 Dec 20180.4%10.6%89.0%1.1950.1503
30 Nov 20182.9%13.7%83.4%1.1400.1503
31 Oct 20184.0%13.9%82.0%1.1180.1503
30 Sep 20180.3%14.1%85.6%1.1090.1503
31 Aug 20180.1%17.7%82.2%1.0700.1503
31 Jul 20180.1%22.8%77.1%1.0780.1503
30 Jun 20182.7%27.2%70.2%1.0920.1503
31 May 20180.2%29.9%69.9%1.0290.1503
30 Apr 20180.2%30.0%69.8%1.0320.1503
31 Mar 20180.3%32.7%67.0%1.025*** ***0.02550.1503
28 Feb 20182.4%33.0%64.6%1.0370.125
31 Jan 20180.2%32.9%66.9%1.0390.125
31 Dec 201734.4%2.3%63.3%1.031**** *0.0460.125
30 Nov 2017 0.7%47.3%51.9%1.0350.079
31 Oct 20170.1%49.9%50.0%1.0420.079
30 Sep 20170.4%49.8%49.8%1.0510.079
31 Aug 20170.4%54.5%45.1%1.0420.079
31 Jul 20172.6%54.6%42.8%1.0550.079
30 Jun 20172.5%56.6%40.9%1.0550.079
31 May 20170.3%59.3%40.5%1.0160.079
30 Apr 20170.5%61.4%38.1%1.0160.079
31 Mar 20170.0%62.1%37.9%1.0180.079
28 Feb 20170.4%65.1%34.5%1.0060.079
31 Jan 20170.3%67.9%31.8%1.0070.079
31 Dec 20160.5%70.5%29.0%1.0080.079
30 Nov 20160.3%73.7%25.9%0.997*** *0.0790.079
31 Oct 20169.1%70.1%20.8%1.079
30 Sep 20160.5%70.3%29.4%1.077***
31 Aug 20160.8%74.4%24.9%1.016
31 Jul 20160.7%74.3%25.0%1.018
30 Jun 20160.7%73.9%25.4%1.030**
31 May 20160.6%79.8%19.6%0.995
30 Apr 20160.9%81.7%17.4%0.990
31 Mar 20160.4%82.2%17.4%1.000
29 Feb 20160.7%81.9%17.5%1.001
31 Jan 20160.5%88.3%11.3%1.001
31 Dec 20150.3%88.2%11.5%1.003
30 Nov 20150.7%88.5%10.7%1.004
31 Oct 20150.8%90.4%8.8%1.004
30 Sep 20150.6%90.5%8.8%1.006*
31 Aug 20150.9%93.1%6.0%0.975
31 Jul 20150.7%95.0%4.3%0.974
30 Jun 20150.5%94.9%4.6%0.977
31 May 20158.7%88.4%2.9%0.985
30 Apr 20154.7%92.7%2.6%0.980
31 Mar 20150.4%96.8%2.8%0.985
28 Feb 20151.5%95.6%2.8%0.985
31 Jan 20154.5%92.7%2.9%0.978
31 Dec 20141.4%95.5%3.1%0.978
30 Nov 20147.0%93.0%0.0%0.979
31 Oct 20140.1%99.9%0.0%0.977
30 Sep 20140.1%99.9%0.0%0.977
31 Aug 20140.1%99.9%0.0%0.976
31 Jul 20140.6%99.4%0.0%0.969
30 Jun 2014100.0%0.0%0.0%0.971
31 May 2014100.0%0.0%0.0%0.978

* The increase in NAV during September 2015 was due to an increase in the value of the underlying Private Equity portfolio due to earnings improvement across the portfolio.

** The increase in NAV during June 2016 was due to an increase in the value of the underlying Private Equity portfolio due to earnings improvement.

*** The increase in NAV during September 2016 was due to an increase in the value of the underlying Private Equity portfolio, due to earnings improvement

*** * During November 2016, VPEG2B paid a 7.88c per unit distribution to Unit Holders resulting from the sale of Allegro II portfolio company GSR.

*** ** During December 2017, VPEG2B paid a 4.60c per unit distribution to Unit Holders resulting from the sale of Next Capital III Portfolio company Infinite Aged Care.

*** *** During March 2018, VPEG2B paid a 2.55c per unit distribution to Unit Holders resulting from the receipt of distributions by underlying funds as a result of strong operational performance across the private equity portfolio.

 

VPEG 2