Despite stringent lockdowns and pandemic-related challenges, Australia’s private capital industry continued to grow last year, according to research by Preqin.
Australia-focused private capital assets under management (AUM) stood at a record high of AUD90 billion as of June 2021, up 11% on December 2020’s AUD81 billion.
Private debt was by far the fastest-growing asset class, expanding 144% from December 2020 to an AUM of AUD1.4 billion in June 2021, albeit from a low base of just 2% of private capital AUM. Private equity remains the dominant asset class with AUD42 billion in AUM – a third of the total – and has grown at an average rate of 11% over the past five years.
