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Managed by Goodhart, the VPC strategy invests in established General Partners (“GPs”) of
private capital funds. VPC targets the small to low-mid GP market ($500m-$3bn AUM).

This universe of 1000+ GPs is vastly underserved by the market, enabling VPC to structure attractive investments in high quality, valuable businesses that have strong collateral.

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OBJECTIVE

20%+ gross IRR with

compelling risk profile

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OPPORTUNITY

Vast and underserved investment universe of high quality GPs

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GEOGRAPHY

GPs headquartered in

North America and Europe

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GP STAKES
INVESTMENTS

where a perpetual equity stake 
in the GP is acquired 

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GP FINANCING
INVESTMENTS

where non-dilutive financing
is provided to the GP

HOW DOES VPC INVEST IN GPs?

VPC'S CURRENT PORTFOLIO

As of January 2022, VPC has acquired 2 GP stakes and made 3 GP financing investments.
VPC's typical ticket size has ranged from $5 - $10 million, investing just under $30 million in total.

GP FINANCING INVESTMENTS

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December 2021

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July 2021

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April 2020

GP STAKES INVESTMENTS

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October 2021

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August 2019

Portfolio
GP Financing

GP FINANCING OVERVIEW
Redeemable Preferred Equity

These transactions finance predictable cash flows from specific Collateral Assets of a GP
(typically management fees, GP commitments and carried interests of existing Funds).


GPs favour non-dilutive financing where VPC's interest is redeemed upon
the achievement of a specified IRR and MOIC return hurdle.

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Senior right to cash flows
from Collateral Assets

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Substantial,
high quality collateral

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Self-liquidating with exits
in the short to mid-term

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CLICK HERE

IF YOU ARE AN INVESTOR
INTERESTED IN THE STRATEGY

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