In May 2022, Vantage Private Equity Growth 4 completed a $20 million investment commitment to Potentia Capital Fund II.
Potentia Capital Fund II, managed by Sydney, Australia based Potentia Capital Management Pty Ltd, is a $635 million Fund targeting investment into established middle market technology companies that are based in Australia and New Zealand, with the potential to capitalise on corridors of growth with Asian based bolt-on acquisitions.
Established in 2015, Potentia is the only Australia and New Zealand focused middle market technology specialist buyout firm. The team is led by Andrew Gray, Tim Reed and Michael McNamara. Andrew Gray was previously a partner at US technology buyout firm Francisco Partners and most recently one of four Managing Directors of leading Australian buyout firm Archer Capital, where in addition to co-managing the firm he was responsible for the firms technology investments. Tim Reed was most recently CEO of MYOB, a leading publicly listed Australia technology company with a market capitalisation of A$2.3 billion and worked extensively with Andrew Gray, who led the investment and divestment of MYOB during his time at Archer Capital.
Potentia Capital Management is comprised of 23 investment, operating and advisory professionals, seven of whom have worked together while at Archer Capital or on Archer Capital/Francisco Partner deals. The team has over 50 years of collective private equity experience with a focus on technology buyouts, with a shared history of working together as both owners and operators. The team has leveraged their sector expertise and longstanding relationships with operating managers, strategic partners, advisors and market participants to build a highly focused and successful platform.
Potentia Capital Fund II has completed three investments to date; Rex Labs, Soprano Design and Nitro Software.
