Five V Capital
Five V Capital is an Australian private equity and venture capital firm managing multiple growth funds. It provides A$30-100M private equity tickets and $1-20M Series A-B venture funding to market-leading businesses across Australia and New Zealand.
- Company typePrivate
- Founded2013
- HeadquartersDarlinghurst, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Five V Capital does
Five V Capital is an Australian private equity and venture capital firm founded in 2013 by Adrian MacKenzie, a former CVC Capital dealmaker, and headquartered in Darlinghurst, Sydney, with a regional office in Auckland, New Zealand. The firm invests growth capital into Australia and New Zealand businesses across two principal strategies: Private Equity, with equity tickets of A$30-100 million for significant minority to majority partnerships in market-leading, profitable growth companies; and Venture Capital, with Series A and B investments of $1-10 million (scaling to $20 million across rounds) focused on B2B SaaS companies. Five V also operates the Horizons Fund for earlier-stage investments and is a partner to QIC's Venture Capital Development Fund (VCDF) in Queensland. Its stated investment posture emphasizes personal co-investment by the team, deep ANZ sector and geographic network access, and value creation through technology enablement, strategic focus, and international expansion support.
Five V's revenue model is the standard alternative asset manager construct: management fees on committed capital across its fund series plus carried interest on realized investment returns. The firm manages Fund III (AUD ~350M, raised 2019), Fund IV (~AUD 500M), Fund V (active), and Frontier Fund I (closed at the AUD 325M hard cap in 2021), implying aggregate AUM exceeding AUD 1B. The portfolio spans business services, technology, healthcare, financial services, education, sustainable packaging, cybersecurity, and infrastructure — explicitly industry-agnostic but anchored in ANZ-headquartered businesses with global growth ambitions. Notable portfolio companies include Ordermentum (hospitality marketplace), Checkbox (legal automation), BioPak (compostable packaging), Education Perfect (EdTech, co-invested with KKR), Habit Health (NZ rehabilitation), Permaconn (alarm signalling), Fat Zebra (digital payments), Orikan (parking technology), and Totara Learning (workplace learning).
Recent realized and pending exits underscore the fund's monetization cadence: Five V exited its minority stake in Automic Group via sale to Advent International for AUD 725 million in late 2025, and engaged Deutsche Bank in early 2026 to advise on exiting Orikan at a valuation exceeding AUD 500 million after three years of ownership. Five V is B-Corp certified, won the AVCJ Mid-Cap Exit of the Year Award in 2022 (Probe Group, jointly with Quadrant Private Equity), and took the Innovation of the Year Award in 2025 for the Horizons Fund. The firm employs 11-50 staff, including partners Adrian MacKenzie and Srdjan Dangubic (also ex-CVC), and a broader investment, finance, operations, and investor relations team.
Five V Capital firmographics
Firmographics- Name
- Five V Capital
- Legal name
- Five V Capital Pty Ltd
- Website
- https://fivevcapital.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Five V Capital is an Australian private equity and venture capital firm managing multiple growth funds. It provides A$30-100M private equity tickets and $1-20M Series A-B venture funding to market-leading businesses across Australia and New Zealand.
- Ownership category
- akta.pro rank
Five V Capital industry classification
Industry- Product category
- Private Equity and Venture Capital Fund Management
- NAICS
- Other Financial Vehicles (525990)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where Five V Capital is headquartered
LocationHeadquarters
- HQ city
- Darlinghurst
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Five V Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Private Equity Management Fees and Carried Interest: Generates returns through managing private equity funds (Fund III, Fund IV, Fund V) with management fees on committed capital and carried interest on investment returns. Frontier Fund I closed at $325 million hard cap.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Five V Capital product offering
Product offeringCore offering
Five V Capital is a private equity and venture capital fund manager providing growth capital to high-growth businesses across Australia and New Zealand. It offers flexible Private Equity solutions (A$30-100M for significant minority to majority partnerships in established businesses), Venture Capital for Series A and B B2B SaaS companies ($1-10M initially, up to $20M across rounds), and early-stage capital via the Horizons Fund.
Product overview
Five V Capital is an Australian private equity and venture capital firm, not a product company. The firm provides investment capital to growth-stage businesses across Australia and New Zealand through two main strategies: Private Equity (typically A$30-100 million for significant minority to majority partnerships in established businesses) and Venture Capital (Series A and B investments of $1-10 million initially, up to $20M across multiple rounds, focused on B2B SaaS companies). Five V Capital also manages the Horizons Fund for early-stage investments and partners with QIC's Venture Capital Development Fund (VCDF). The firm does not develop or sell its own products or technology platforms; rather, it invests in portfolio companies across diverse sectors including hospitality technology, legal technology, digital payments, cybersecurity, healthcare, education technology, and infrastructure services. Notable portfolio companies include Ordermentum (hospitality marketplace), Checkbox (legal automation), Fat Zebra (digital payments), Permaconn (alarm signalling), and various others.
Differentiator
Problem solved
Functional benefit
Brands
- Horizons Fund: Five V's venture capital fund focusing on early-stage investments
Products and services
- Private Equity Fund (Fund III / Fund IV / Fund V) Flexible private equity capital solutions (A$30-100 million equity) for significant minority to majority partnerships with established, profitable, market-leading businesses in Australia and New Zealand. Combines sell-down and growth capital with strategic, technology enablement, M&A advisory, and international expansion support.
- Venture Capital (B2B SaaS Series A and B) Venture capital investments (initial $1-10 million, up to $20 million across multiple rounds) in Series A and B-stage B2B SaaS companies in Australia and New Zealand. Targets founders with product-market fit, large addressable markets, and strong unit economics.
- Horizons Fund (Early-Stage VC) Five V's early-stage venture capital fund, providing growth capital and operational support to early-stage businesses (predominantly B2B SaaS) in Australia and New Zealand, complementing the firm's later-stage Series A-B VC strategy.
- VCDF Program Partnership with QIC Channel partnership with QIC's Venture Capital Development Fund (VCDF) enabling Five V to identify and back Queensland-based startups with additional capital reserves, supplementing the firm's standalone VC and PE strategies.
Companies that use Five V Capital
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles2 records
Five V Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Five V Capital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Clifford ChanceminorMultinational law firm Clifford Chance advised Five V on the Zenith Investment Partners acquisition
- QIC Venture Capital Development Fund (VCDF)coreFive V is a partner to QIC's Venture Capital Development Fund (VCDF) program focusing on supporting the Queensland startup ecosystem. The partnership allows Five V to invest in more Queensland businesses with greater reserves of capital to back winners.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Five V Capital competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Five V Capital social profiles
Digital presenceFive V Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Five V Capital leadership team
Management profileNumber of profiles
Profiles20 records
Five V Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Five V Capital M&A and investment
M&A and investmentM&A11 records
Investments59 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Five V Capital
What does Five V Capital do?
Five V Capital is a private equity and venture capital fund manager providing growth capital to high-growth businesses across Australia and New Zealand. It offers flexible Private Equity solutions (A$30-100M for significant minority to majority partnerships in established businesses), Venture Capital for Series A and B B2B SaaS companies ($1-10M initially, up to $20M across rounds), and early-stage capital via the Horizons Fund.
Is Five V Capital a public or private company?
Five V Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Five V Capital founded?
Five V Capital was founded in 2013. It employs 11 to 50 people.
Where is Five V Capital based?
Five V Capital is headquartered in Darlinghurst, Australia, in the Oceania region.
How does Five V Capital make money?
One revenue line is on record: private Equity Management Fees and Carried Interest.
Does Five V Capital have an API?
No public API is recorded for Five V Capital.
What industry is Five V Capital in?
Five V Capital's product category is Private Equity and Venture Capital Fund Management. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 525990 and its SIC code is 6799.