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Laxman Pai, Opalesque Asia: In 2019, Australia's dynamic private capital industry - comprising private equity, venture capital, private debt, real estate, infrastructure, and natural resources- amassed a record-high of $68bn in total AUM, said a study by Australian Investment Council and Preqin.
This represents an increase of 119% from December 2010. Helping to drive this growth, AUM for private equity & venture capital rose to a new high of $33bn, up 16% in 2018 with strong flows of capital into the asset class, from both domestic and international investors.
Similarly, total assets held by PEVC funds located in Australia continued to build on the record of $32bn set in June 2018, rising to $40bn as of June 2019.
According to the report titled ' Australian Private Capital Market Overview', while this growth is modest compared to other key economic markets, Australia's private capital market presents one of the most attractive risks/return profiles globally.
Australia-focused funds of vintages 2010-2017 generated the highest median net IRR of 15.0% and lowest median risk at 7.7% standard deviation of net IRR.
Private equity
At $778m, fundraising in 2019 came off a record high in the previous year. But the Australian private equity market continued evolving.
Capital flowed toward public-to-private transactions, which accounted for 53% of the total value of private equity-backed buyout deals in the year.
While the overall number a...................... To view our full article Click here
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