Inside the advice shop putting wealthy Australians into private equity
Australian private equity is only really starting to crack the holy grail – wealthy Australians’ money. How are they doing it? One name keeps coming up.
Australia’s private equity firms, for all their talk about double-digit returns and flash offices, have never properly cracked the Australian investor market.
Yes, you can search through Australia’s super funds and find them backing a domestic PE fund or two – Aware Super names Adamantem Capital and Allegro Funds, for example, while Cbus has money with Next Capital and Potentia – but their investor list hardly reflects the fact Australia has a $4 trillion retirement savings system and a $230 billion sovereign wealth fund that loves PE.
Loading...
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
