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April 2009
Dear AVCAL Colleague

Policy

AVCAL is currently working on a number of different policy fronts. We have been meeting with the "Australia as a Financial Centre Forum" secretariat about barriers to encouraging the funds management industry in Australia. They have been very diligent in canvassing the issues and discussing them in depth.

AVCAL has also continued to discuss the problems facing the VC fund managers and were pleased to see the first stage of assistance with the announcement of the IIFF (follow-on funding) support. We are disappointed that it only applies to a very limited number of companies that have already had IIF/PSF or BITS investment but hope that continued discussions with the Minister and department will lead to broader support for the industry.

Featured events

1 May, Victorian Networking Lunch, Partnered by Gallagher and Ernst & Young

We will launch the new AVCAL report, Value Capital, the Evolution of Venture Capital and Private Equity in Australia. This report traces the most recent history of our industry and is backed by research and commentary from industry stalwarts.

Join me with a panel of Roger Harley - Fawkner Capital and Venture Capital Committee Member, Rupert Harrington - Advent Capital, Geoff Brooke - GBS Ventures and Ernst & Young to discuss where the industry has come from and where its going to.

Register now.

AVCAL 2009 Conference, 29 Sept - Golf, 30 Sept-1 Oct Conference Program.

The Conference is shaping up well for this year. We've confirmed Bill Evans as a key-note speaker and we are confirming the plenary program now.

Some new features to the line-up.

LP only events program 29 September/30 September

New format for the Conference dinner - dining around the pool, hawker style

New style AVCAL Awards program plus new award category - nominations open soon.


We have confirmed 21 partners for the Conference this year. If you are interested to find out how you can leverage from their exclusive benefits, then contact us.

Get ready for registration

Here are some tips that will make you registration - ready on 19 May 2009.

1. You must be a fully financial AVCAL member to register for the Conference. Having a registered user ID does not mean you are a member. Contact us if you are unsure.

2. Update your details via http://www.tippingpoint.com.au/avcal/redirect.asp?preview=&firstname=*FName&id=173&linkid=1067

3. Ensure that you know your user name and password and have these handy on 19 May

4. If you are registering more than one person, make sure you have all user names and passwords available to you, as well as credit card details, dietary requirements etc. (Each registration is processed separately).

5. We will only be accepting credit cards this year for payment.

6. If your organisation will be processing multiple registrations, consider appointing a coordinator to manage the process.

7. Your membership profile dictates how many people may attend the Conference. More details here.

8. No registration is considered accepted until you receive an email from our Member Services area confirming your registration.

9. Travel and accommodation should be booked through our Travel Partner, CTM. A link to their online booking system will be available via the AVCAL website. We suggest that you have a confirmed registration before committing to non-refundable travel bookings.

10. Conference registrations include all conference catering and official events. Golf is extra
Regards



Katherine Woodthorpe
Chief Executive
Research

Special mention

AVCAL Award nominations will be opened shortly. More details will be emailed to you including award categories, nomination process and closing dates. We have a new award category to announce as well.

Review the 2008 categories and winners

APRA wrote to Trustees on 16 Apr 2009 outlining its expectations on valuation practices for unlisted assets. Read it here

IPEV recently released a comment letter on IASB Exposure Draft ED10 Consolidated Financial Statements.

Click here to view the latest mergermarket Private Equity alert.

Click here to view the mergermarket Preliminary Global M&A round-up for the first quarter of 2009.

The Thomson Reuters Deals Intelligence report gives a snapshot of global deal figures, league tables, regional deals matrix, top industry deals and a deal fees analysis. Click here to view

The Thomson Reuters Asia-Pacific Private Equity 2008 report (incl. Australia), outlines investments and fundraising activity in the region. Click here to view.

The Zephyr (by Bureau van Dijk) Cleantech Report (Feb 2009) provides details on global cleantech deal activity, with links to Excel data. Read the report here.
EVENT Update!

SA Networking Lunch- Blue Sky Private Equity - Mark Sowerby, 23 April. Register now. Private Equity Investing in Turbulent Times


VIC Networking Lunch- 1 May. Register now Launch of the new AVCAL report, Value Capital, the Evolution of VC & PE in Australia.


NSW Golf Day, 11 June. Register early to avoid disappointment.

QLD Networking Lunch, 25th June - Register Now

The Hon. Kim Carr addresses AVCAL Members at the NSW Lunch 9 July and we'll launch of latest edition of Enterprise and Venture Capital, 5th Edition. Register now to secure your place
New website

Our new website is well on its way. We expect to launch within a week or so. Some of the new features that you'll enjoy include:

Improved navigation

Superior search functionalities

More accessible information and resources

Access key reports with ease

Get right to events with one click

See the news as it relates to our industry on every page

Members only access areas
Other Events

8th China Private Equity Summit 2009- 1 June 2009.Enjoy member rates for AVCAL members upon registration. For more information please click here.

Medical Innovation 2009 - June 11th-12th, 2009 - Griffith University, Gold Coast. For more information

Excellence in Mining & Exploration 2009
21 - 22nd September 2009, Hilton Hotel, Sydney. More details.

Other Matters

The $28 million Smart SMEs Market Validation Program . For more information on eligibility and application submission, please visit http://www.tippingpoint.com.au/avcal/redirect.asp?preview=&firstname=*FName&id=173&linkid=1022 or contact the Smart SMEs MVP project team, Margot Ingolby (tel: 9655 1088), Pia Herbert (tel: 9655 1027) or Sherene Alexander (tel: 9655 1028).

ESVCLP
Registration under the Government's Early Stage Venture Capital Limited Partnerships program could make your fund more attractive to investors. Click here for more information.




In this Issue

Mergermarket Private Equity alert


AVCAL 2009 PARTNERS



Ironbridge

Westpac

GE Commercial Finance

NAVIS

BOS International

Propel Investments

Intralinks

NBC Capital

LEK

RMB Capital Partners

Maddocks

Pacific Road Capital Management

AON

Champ Private Equity

Archer Capital

Credit Suisse

CATALYST

INVESTEC

CM Capital

Castle Harlan

KKR

Ernst & Young

Gallagher

Disclaimer:

AVCAL is the professionally managed industry body that promotes the Australian private equity & venture capital industry.

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