Private equity funds set to grow strongly
The latest Deloitte Private Equity Confidence Survey of more than 140 private equity funds in Australia and New Zealand suggests the private equity market outlook for 2006 is one of strong growth.
The survey found that the sector will be characterised by increased competition as further private equity funds enter the market in search of investment opportunities.
It found 77 per cent of respondent funds, the largest proportion of respondents in the history of the biannual survey, expect to be net investment buyers over the next six months.
Deloitte Corporate Finance partner Graham Reid said the Australian private equity market is “continuing on a strong growth path, with fund raising activities remaining at high levels in the last quarter of 2005”.
He said the key focus for funds over the next half-year will remain on five key sectors: support services; engineering and manufacturing; food and drink; healthcare; and pharmaceuticals.
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