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Laxman Pai, Opalesque Asia:

The Australian private capital industry reached a record-breaking $77 billion in assets under management (AUM) as of June 2020 during the peak of COVID-19 pandemic uncertainty, said a study.

According to the latest Preqin & Australian Investment Council Yearbook 2021, $27 billion in uncommitted capital was held by Australian-focused private capital fund managers in June 2020.

The industry saw a very significant 148% lift in assets held by private funds focused on the Australian market over the past decade. In fact, the six months following December 2019 alone saw an 8.4% increase in Australia-focused private capital assets across the private equity, venture, private debt, and unlisted real estate, agriculture, and infrastructure sectors.

Australia-focused private equity (PE) and venture capital (VC) registered four years of consecutive growth for the first time in the past decade with $37 billion in combined AUM, with more than $13.5 billion in uncommitted capital ready to deploy.

Venture capital in particular witnessed a substantial boost in asset flows with a record $1.3 billion in fresh capital raised last year - a sum almost double the total secured in 2019 ($735 million).

$13.5 billion in total uncommitted capital held by Australian-focused PE and VC funds at the end of June 2020 ($11 billion PE and $2 billion VC), said the study.

169% increase in aggregate capital raised by Australia-focused PE funds in 2020 compared to ......................

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