OG Fund/VP OG Fund II
OG FUND
OG Fund (short for online gaming fund) was established by VP Capital in August 2020 to take advantage of a private investment opportunity in the North American online gaming sector. OG Fund is currently managed by a VP Capital-licensed entity. The highlights of OG Fund when the first investment was undertaken included:
internally estimated run-rate enterprise value / cash EBITDA multiple under 1.5x;
calendar year trailing dividend yield of approximately 32%;
since then the company has delivered significant and further revenue and profit growth.
Fund name
OG Fund
Inception date
August 2020
Returns since inception (after fees and expenses)
Distribution received: 7.5x
Current value: 1.1x
Multiple: 8.6x
IRR: 181%
*As at 20 October 2024
VP OG FUND II
VP OG Fund II was established by VP Capital in December 2021 to increase exposure in the same North American online gaming opportunity. The fund is managed by a VP Capital-licensed entity.
Fund name
VP OG Fund II
Inception date
December 2021
Returns since inception (after fees and expenses)*
Total returns of approximately 11.3%
As at 29 February 2024
Who can invest
The funds are designed for investors who are interested in investing in opportunities to achieve a better risk adjusted return. The Trustee may only issue Units in the unit trust to wholesale clients, as well as sophisticated investors who qualify under s708 of the Corporations Act. Please contact us if you are unsure as to whether you are eligible to invest in the funds.
Applications
Should prospective investors be interested to understand more, please contact admin@vpcapital.com.au. The funds are able to consider new applications on a case-by-case basis, with regards to the investment manager’s ability to source additional shares as well as the current offer prices for additional shares in the underlying opportunity.