Private equity outperforms
Australian private equity and venture capital returned 7.3 per cent over 2010, outperforming most major relevant benchmarks, according to the Cambridge Associates LLC Australia Private Equity and Venture Capital Index.
The S&P/ASX 300 returned 1.9 per cent in 2010, and the Private Equity and Venture Capital Index also outperformed this benchmark over three and five years, according to The Australian Private Equity and Venture Capital Association (AVCAL).
AVCAL chief executive Dr Katherine Woodthorpe said it was encouraging to see that funds raised in 2008, during the height of the global financial crisis, were already reporting strong interim performance numbers.
“However, it remains to be seen how the evolving economic and regulatory climate will impact fundraising, investment and divestment activity,” she said.
This is the third quarterly report from the index, which is a result of a strategic partnership between AVCAL and Cambridge Associates, and covers 58 Australian private equity and venture capital funds.
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