Tuesday, February 19, 2013
Australian private equity continues to post steady returns in Q3 2012
The Cambridge Associates LLC Australia Private Equity and Venture Capital Index (C|A Australia
Index) rose by 2.90% in the third quarter of 2012, according to the latest quarterly report released
by The Australian Private Equity and Venture Capital Association Ltd (AVCAL).
For the 12 months ending 30 September 2012, the C|A Australia Index rose by 6.44%. Over the same
period, the S&P/ASX 300 Index surged to record a return of 14.46%.
However, over the longer 3‐ and 5‐year horizons the C|A Australia Index outperformed the public
equities index, rising by 8.33% and 2.97% respectively on an annualised, net of fees basis compared
to the S&P/ASX 300 Index's 1.69% and ‐3.61% annualised returns over the same horizons.
In the twelve months leading to 30 September 2012, a total of AU$2.2B was distributed back to LPs
while $2.3B was drawn down.
Australian Private Equity & Venture Capital Association (AVCAL) CEO Dr Katherine Woodthorpe said,
“The Index continues to demonstrate how private equity as a whole has consistently generated
stable returns over the long term compared to the more volatile listed markets, on an after‐fee
Eugene Snyman, Managing Director at Cambridge Associates’ office in Sydney, Australia, said: “While
the strong performance of both public and private indices in the third quarter is good news to
investors overall, we continue to see Australian private equity and venture capital offering greater
stability long term.”
The report is published on the AVCAL website www.avcal.com.au.