Sign up for free newsletter

 

Australia

Australian private equity continued to post steady returns in Q3 2012

The Cambridge Associates Australia Private Equity and Venture Capital Index rose by 2.90 per cent in the third quarter of 2012, according to the latest quarterly report released by The Australian Private Equity and Venture Capital Association (AVCAL).

For the 12 months ending 30 September 2012, the C|A Australia Index rose by 6.44 per cent. Over the same period, the S&P/ASX 300 Index surged to record a return of 14.46 per cent.

However, over the longer three- and five-year horizons the C|A Australia Index outperformed the public equities index, rising by 8.33 per cent and 2.97 per cent respectively on an annualised, net of fees basis compared to the S&P/ASX 300 Index's 1.69 per cent and -3.61 per cent annualised returns over the same horizons.

In the 12 months leading to 30 September 2012, a total of AUD2.2bn was distributed back to LPs while AUD2.3bn was drawn down.

Katherine Woodthorpe, AVCAL chief executive, says: "The index continues to demonstrate how private equity as a whole has consistently generated stable returns over the long term compared to the more volatile listed markets, on an after-fee basis."

Eugene Snyman, managing director at Cambridge Associates' office in Sydney, Australia, says: "While the strong performance of both public and private indices in the third quarter is good news to investors overall, we continue to see Australian private equity and venture capital offering greater stability long term."


Subscribe to free daily newsletter
MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

latestjobs
VP/Director Project Manager-Investment Bank

Mon, 03 Aug 2015 00:00:00 GMT

Single Stock Options Trader - Buy Side

Mon, 03 Aug 2015 00:00:00 GMT

VP Javascript Developer

Mon, 03 Aug 2015 00:00:00 GMT

events
2 weeks 5 days from now - New York
3 weeks 6 days from now - Texas
5 weeks 3 hours from now - New York
5 weeks 1 day from now - New York
specialreports