volunteer park capital 1 line-01.png

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.

VPC-MID-TURQ-06-05.png
DARK-TURQ-ICONS-Objective.png

OBJECTIVE

20%+ gross IRR with

compelling risk profile

DARK-TURQ-ICONS-Opportunity.png

OPPORTUNITY

Vast and underserved investment universe of high quality GPs

DARK-TURQ-ICONS-Geography.png

GEOGRAPHY

GPs headquartered in

North America and Europe

LIGHT-GREY-ICONS-Minority-Interests.png

GP STAKES
INVESTMENTS

where a perpetual equity stake 
in the GP is acquired 

DARK-GREY-ICONS-Non-dilutive-Capital.png

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

DARK-GREYAlbright.png

December 2021

DARK-GREYAlbright.png

July 2021

DARK-GREYAlbright.png

April 2020

GP STAKES INVESTMENTS

DARK-GREYAlbright.png

October 2021

DARK-GREYAlbright.png

August 2019

VPC'S NEXT VINTAGE

From Q2 2022 onwards, VPC is looking to make 12-15 GP financing investments ($5m-$20m ticket sizes).

DARK-GREY-ICONS-Non-dilutive-Capital.png

TARGETING 12-15
GP FINANCING
INVESTMENTS

 
 

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.

DARK-GREY-ICONS-Senior-Call.png

Senior right to cash flows
from Collateral Assets

DARK-GREY-ICONS-Collateral.png

Substantial,
high quality collateral

DARK-GREY-ICONS-Exit.png

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

dark-grey-investor-01.png

CLICK HERE

IF YOU ARE AN INVESTOR
INTERESTED IN THE STRATEGY