Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.
The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
Venture managers to focus on toppy world markets
With both equities and fixed income markets looking like they are heading for a major correction pretty soon, the 17th annual AVCJ Private Equity and Venture Forum in Sydney, March 3-5, will be looking at how alternatives can protect super funds and other investors.
The forum’s agenda boasts Peter Costello, the chair of the Future Fund and a former Commonwealth Treasurer as a keynote speaker, alongside a raft of other fiduciary investors (limited partners), including:
- Serge Allaire, a portfolio manager at MLC Private Equity
- Hamish Blackburn, portfolio manager at NZ Super
- Alicia Gregory, the new head of private equity at the Future Fund
- Ben Hart, partner and head of investor relations (Asia), at Adams Street Parners
- Katrina Liao, principal of Coller Capital
- Jenny Newmarch, portfolio manager for private equity at First State Super
- John Peterson, alternatives portfolio manager at Local Government Super
- James Lilico, portfolio manager, private markets, at Sunsuper, and
- Shaun Manuell, senior portfolio manager, at Australian Super.
Among the fund managers (general partners) and other service providers, to speak are:
- Ken Licence, the managing director of Principal Advisory Services
- Les Aagaard, the head of M&A, Asia Pacific, at Barclays
- David Bluff, managing director, the Carlyle Group
- David Brown, managing director, Pacific Equity Partners, and
- David Willis, partner, transaction services, national head of private equity, at KPMG.
According to Anthony Kerwick, a managing director of one of the sponsors, Adamantem Capital, which is a player in the “mid-market” private space, and a speaker: “The last few years have been very active for private equity in Australia and the market has clearly developed into different segments. While it hasn’t grabbed the headlines like some of the larger trophy deals at eye-watering multiples, the mid-market has continued to generate a steady supply of investment opportunities for the relatively few firms that are focussed on it…”
AVCJ is a Hong-Kong based publishing subsidiary of Acuris, an English information mini-conglomerate business. It holds various investment events around the region.
For more info on the latest event:
– G.B.
