VP Capital Fund I
The Fund seeks to generate better risk adjusted returns by focusing on investing in carefully screened market opportunities. (For Wholesale Investors Only)
The Fund seeks to generate better risk adjusted returns by focusing on investing in carefully screened market opportunities. The investments will focus on a combination of primary and secondary market opportunities. The Fund is designed to provide Investors access to these opportunities. The Investment Manager is comprised of an investment team with experience in bulge bracket investment banking, local financial institutions and wholesale funds management.
The Investment Manager, therefore, may have access to corporate opportunities and a network of senior business people from time to time and across a range of industries. The Investment Manager will assess these opportunities through a systematic screening process which will include quantitative and qualitative tools.
The objective of the Fund is to produce better risk adjusted returns for Investors. The Investment Manager believes the best method to achieve this is to maintain a relatively concentrated portfolio of investments at any given time. This allows a close focus on managerial performance and developments in the business and enables the Investment Manager to make informed and timely adjustments to the Fund’s positions and manage risk. As a result of holding a concentrated portfolio, the Fund often takes a relatively medium-term view on its positions, as it takes time for some of these positions to converge towards the Fund’s target valuation.
Since its inception, VP Capital Fund I have achieved a return of 134.5% after all fees and expenses (as at 31 March 2023). This translates to a 17.9% annualised return Capital Fund, I is managed by the co-founders of VP Capital, who are also its Portfolio Managers. The Portfolio Managers have experience in bulge-bracket investment banks, mid-tier corporate finance companies and teams, as well as funds management.
VP Capital Fund I considers the total investment universe to optimise returns for investors.
We have a broad investment mandate, but our preferred focus is on ASX-listed equities. We construct our portfolio and select investment opportunities based on the following factors:
- our view on the cyclicality of the economy and the equities market;
- fundamental in-house research on the opportunities we invest into;
- industry and sector expertise, especially in the mid-cap and emerging sectors;
- access to ‘primary market’ opportunities and ideas through our professional network of 60+ firms in the sector.
Our current portfolio is diversified and designed to capture growth from well-researched investments, while aiming to preserve capital during market downturns.
VP Capital is an Australia-based emerging fund manager established in February 2018. Its main fund is VP Capital Fund I, which has a broad mandate to invest in listed equities, private companies, other instruments such as convertible notes, among other things. This Fund’s principal focus is on Australian opportunities – in particular, ASX-listed equities – but has also invested in other jurisdictions.
From time to time, VP Capital also leads or licenses syndicated investments or special purpose funds into unique opportunities.
The founders of VP Capital bring together a broad set of experiences which include wholesale funds management, investment banking, corporate finance, real estate and industry.
VP Capital’s core values and competencies
Stewardship – as the manager of investors’ capital, we endeavour to act professionally and ethically in our dealings at all times
Integrity – we believe that doing the right thing and doing things the right way is of utmost importance and will never compromise our principles in pursuit of an outcome
Investor alignment – we actively and at all times consciously ensure that VP Capital and its investors share a common goal, which is why we prefer performance fee-only structures
Open-mindedness – the investment universe is vast and accommodative of different methods; we approach each opportunity, strategy or style with respect and with an open mind
Flexible and agile style – as an emerging fund manager, we pride ourselves on being able to act and respond quickly
Risk-conscious – capital preservation is a priority in every decision and a wholistic approach is adopted when selecting investments or constructing a portfolio
Tom is a co-founder of VP Capital and brings over 10 years’ experience in the investment banking sector from Goldman Sachs, UBS and ANZ, where he has worked on over A$10bn of transactions in his career.
Tom is currently a Portfolio Manager of VP Capital Fund I.
Tom began his career at Goldman Sachs JB Were, before moving to the Mergers & Acquisitions team at UBS. As an Associate Director at UBS, Tom has worked on multibillion dollar transactions with several leading ASX-listed companies.
Tom has also had experience as a Senior Manager in ANZ Corporate Advisory. In addition, Tom also brings knowledge and experience of asset management, having cofounded and managed the Peak Opportunities Fund (a primary market event driven microcap fund).
Tom holds a Bachelor of Commerce and Bachelor of Laws from Monash University.
John is a co-founder of VP Capital. Prior to establishing VP Capital, John had 8 years’ experience in investment banking, corporate finance, equity capital markets and project finance, where he worked on over A$8bn of transactions for institutional clients.
John is currently a Portfolio Manager of VP Capital Fund I.
John's professional career included time at ANZ Corporate Advisory, Austock (an Australian boutique financial services firm), Mallesons Stephen Jacques (now King and Wood Mallesons) and Deutsche Bank.
During this time, John spent several years as a natural resources corporate finance specialist and worked on various Australian and cross border transactions John has also had capital raising experience in the Australian listed equity markets, where he worked on in excess of A$1bn of transactions including IPOs and secondary raisings in the small to mid cap space.
John holds a Bachelor of Commerce and Bachelor of Laws (Hons.) from the University of Melbourne.
John was born and raised in Melbourne and was co-Dux of Xavier College.
Zidi is a co-founder of VP Capital and brings extensive experience from and offers strategic insights into the technology, manufacturing, and real estate sectors. As an entrepreneur, Zidi has made investments in a number of technology businesses in Asia servicing clients principally in North America and Southeast Asia. In addition, Zidi has had over 15 years of investment experience in the retail and industrial real estate sectors of Australia and China, as well as experience in small-scale residential developments.
Prior to his business career, Zidi had previous professional experience in Australia's real estate sector, which included time at Colliers International's valuations team and Centro Properties Group's (now part of Vicinity Centres) MCS Syndications Business.
Zidi holds a Bachelor of Property and Construction and a Bachelor of Commerce from the University of Melbourne. Zidi also holds a Post Graduate Diploma in Urban Planning from the University of Melbourne.
Relevant Documents
You should read the PDS, TMD (if applicable) or any Investment Memorandum (or other offer documents) related to this product before making an investment decision. These documents (if available) can be found at https://www.vpcapital.com.au/, or if this is a "wholesale investor only" investment, can be viewed by contacting the Product Issuer identified on the aforementioned website.
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