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Article: The challenges and opportunities in private equity: despite a greater awareness of private equity in Australia, most investors are still relatively uninformed about this emerging asset class. (Private Equity).(Statistical Data Included)
- Article from:
- Journal of Banking and Financial Services
- Article date:
- February 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Australian Institute of Banking and Finance. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While the level of capital raising by private equity funds has increased sharply in recent years, Australia has only a developing private equity market compared with the United States and, to a lesser extent, Europe.
However, given the spectacular growth forecasts for Australian managed funds, private equity is an asset class that investors should not ignore.
The potential high return and diversification benefits have driven the average strategic allocation to private equity by superannuation funds in the US to more than 7 per cent. The potential for similar growth exists in Australia and some large superannuation funds have already embarked on strong ...