Gilbert + Tobin has advised Australian private equity firm Five V Capital on the formation and closing of its fourth fund, comprising of $550m in capital commitments. The oversubscribed Fund received strong interest from both Australian and international investors and hit its hard cap on first closing. The Fund was backed by a suite of Five V Capital’s existing investors, as well as new global institutional fund of fund investors.
The G+T team was led by Investment Funds senior lawyer Judy Hsu, with support from lawyers Sam Kaelin, Jackson Martin and Catrina Chen.
Judy said: “It has been a pleasure to work with Five V Capital since their first fund. We have seen Five V’s funds under management and investor base grow to more than $1.1 billion since inception. In addition, the investor base now includes prominent global fund of fund investors, which is a testament to Five V Capital’s performance in the past few years.”
G+T has a longstanding relationship with Five V Capital having advised on the formation of all of its previous private equity funds, as well as its inaugural venture capital fund. G+T has also recently assisted Five V Capital on the acquisitions of Annex Foods, Table of Plenty and Metro Foods, the sale of Ascender to Ceridian and on its investment in and partnership with Penten.
Gilbert + Tobin’s market-leading Investment Funds team regularly advises on many of Australia’s largest and most innovative fund transactions, including creating Australia’s first leading ASX listed credit fund (Metrics Credit), the first residential property platform (BrickX), the first stapled ESVCLP and successfully defending ground breaking ASIC prosecutions (ASIC v BT Financial Group re advice).
Five V Capital, a certified B Corporation, is a private equity fund manager based in Sydney with over $1.1 billion of funds under management. Five V’s unique investment approach is underpinned by a philosophy of alignment and is reflected in the Five V Capital team being the largest investors across its funds. This alignment between team, investors, partners and management teams is a key component of Five V’s success. Five V Capital’s current portfolio contains several leading businesses including Automic, Openway Food Co., Penten, APP Corporation, Zenith Investment Partners, Totara Learning, Monson Agencies and Plenti. For more information about Five V Capital, please visit Five V’s website or LinkedIn.