Australia

Australian PE and VC funds post 22 per cent returns in 2013

Private equity and venture capital funds in Australia posted returns of 22 per cent in the 12 months to 31 December 2013, outperforming the ASX 300 Index by over 200 basis points.

That’s according to new data released by the Australian Private Equity & Venture Capital Association Limited (AVCAL).
 
The Cambridge Associates LLC Australia Private Equity and Venture Capital Index (the CA Australia Index) – the leading independent performance benchmark for the asset class – reflected a significant pick-up in performance in the final quarter of 2013, gaining nearly 10 per cent compared to the ASX 300 Index which rose three per cent in the same quarter. 
 
The CA Australia Index also outperformed the ASX 300 Index over one-year, three-year, 10-year and 15-year time horizons, underscoring the higher returns from private equity for investors over multiple time periods.
 
“This is a good set of numbers,” says AVCAL chief executive Yasser El-Ansary. “The index has shown strong returns for the last six consecutive quarters, and the results from this most recent period are especially positive.
 
“We’re seeing significant new deal activity within the private equity industry at the moment, and we expect that many funds will maintain a focus on identifying new investment opportunities where growth can be unlocked through the injection of capital and skills.
 
“The 10- to 15-year returns demonstrate how investors with long-term horizons have been the big winners from this asset class.”

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