In June 2020, VPEG4 completed a $10 million investment commitment to Adamantem Capital Fund II (ACF II).
ACF II is managed by Adamantem Capital Management Pty Limited (www.adamantem.com.au) of Sydney, Australia. ACF II is a (target) $750 million fund focusing on investment into attractive mid-market expansion and buyout opportunities in Australia and New Zealand.
Adamantem was established in 2016 by Anthony Kerwick and Rob Koczkar to make control investments in companies with an enterprise value of between A$100 million and A$300 million. Anthony and Rob have known each other for over 20 years and have worked closely together across this time during their roles at Bain & Co. and Pacific Equity Partners (PEP) prior to establishing Adamantem.
Anthony and Rob were instrumental in delivering much of the early track record for PEP having successfully managed 12 investments during their PEP tenure from 2004 through to 2014. They each have 26 years of relevant experience and are among the most experienced Private Equity professionals currently active in the Australian mid-market. In addition, the Adamantem team of 25 professionals, including 17 investment and operations professionals and six Managing Directors, are one of the most experienced Private Equity teams in Australia with an average of 20 years’ relevant experience across the team.
Adamantem Capital regard the middle market in Australia and New Zealand as the most attractive segment for opportunities for Private Equity to invest into. These beliefs are derived from the limited Private Equity capital focussed on this segment, consistent deal flow and multiple exit opportunities, which allow Adamantem to produce top tier performing returns for their investors.
Adamantem Capital Fund II has announced two investments to date; Spotless Laundries (“Linen Services Australia”) and Climate Friendly.