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September Newsletter 2009
Dear AVCAL Colleague

Latest Policy and Research News

The latest mergermarket Private Equity alert

Revised IPEV Guidelines released
On 9 September 2009, the final revised Guidelines were released. These Guidelines should be regarded as superseding the previous Guidelines issued by the IPEV Board, with effect for reporting periods post 1 July 2009

PEI Media - PE in Australia

As described in the recent publication by PEI Media on Asia, Australian PE has experienced shortage of credit, low investment activities and the lack of the much anticipated bargain deals. However, spirits remain high on grounds of the relatively stable economy and banking system.

Potential effects of SEC proposal relating to placement agents

Survey conducted by Preqin on US pension funds and other investors, examines the effects of the SEC proposed rule release IA-2910 on the alternative asset industry and their use of placement agents

Preqin Research Report: Investor Survey Results

Private equity fundraising has been significantly down in 2009 compared with recent years. Read Preqin's latest research report on investor trends and attitudes based on a survey of over 100 of the leading investors in private equity.

R&D tax credit bill passed by the Rudd Government.

The Tax Laws Amendment Bill (2009 Measures no 4) was passed by the Rudd Government signifying a first major step towards replacing the decade old R&D tax concession

$3.6m in COMET funding to be shared among 52 innovative projects

Biofirst, Avexis, Everbright Roofing Systems, and Steffco are among the 52 innovative businesses to receive the $70,400 grant each from a pool of $3.6m managed by the COMET program.


AVCAL Activity & Performance Survey FY2009

We would like to thank our members for their participation in this year's AVCAL Activity and Performance Survey. AVCAL launched its proprietary data collection platform (PEREP_Analytics) this year, taking over the data collection responsibility from Thomson Reuters. The response rate this year has been the highest recorded ever over the last few survey years, representing some $24b in total funds under management.

AVCAL relies on the gathered data to back our discussions with government about the value of our industry and its needs. The high response rate this year is particularly gratifying when we have a number of matters on hand with the Government across the full spectrum of PE and VC. The better the data, the more credible our arguments, so thank you for assisting us in this endeavour.
Regards



Katherine Woodthorpe
Chief Executive
AVCAL Events

30 Sept - 1 Oct AVCAL 2009 Conference - Register now!

Other Events

4-8 October Hong Kong, The International Company Directors Course October 2009. For more information

When you think about life-science success stories in Australasia, it's understandable that the same two or three prize companies keep 'charging' to mind. So isn't it time you met the new generation at the Australasian Life Science Investment Summit? Tuesday 27th October 2009, Melbourne, Australia (Immediately preceding the AusBiotech 2009 national conference). More information.

THE FUTURE OF INNOVATION - THE PATH AHEAD
OCTOBER 13, 2009 3.30-6.30pm

VENUE: Telstra Executive Briefing Centre
Level 18, 35 Collins Street, MELBOURNE, 3000
InnoFuture has asked a group of thought leaders and Mavericks from diverse industries to think about risk, courage and learning from parallel industries ... to challenge and inspire essential business thinking for the path ahead.
Registration fee: $59 incl GST
To register visit www.innofuture.com.au/register.htm

Tech23 Celebrating Innovation 2009,Sydney, 27 October 2009. Register now

Private Equity & Venture Capital Law Master class November 18, 2009, Sydney- Legal case studies and new strategies to manage distressed debt, LBOs, pipe deals, new fund formation and fundraising.
Contact: Stephanie.Sudzina@keymedia.com.au

Family Office Congress -December 3-4th, Sydney
Significant Australian families come together annually to explore issues of capital preservation and family endurance. Private families like to invest differently -can you help them? To see details of the congress or register visit www.dealersgroup.com.au



AVCAL 2009 PARTNERS

AON

Archer Capital

BOS International

Castle Harlan

CATALYST

Coller Capital

Champ Private Equity

CM Capital

Credit Suisse

GE Commercial Finance

Intralinks

Ironbridge

INVESTEC

KKR

LEK

Maddocks

NAVIS

Next Capital

NBC Capital

Pacific Road Capital Management

Pacific Equity Partners

Propel Investments

Quadrant

RMB Capital Partners

ROTHSCHILD

Westpac


RESEARCH PARTNER

Ernst & Young


REGIONAL PARTNER

Gallagher

Disclaimer:

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

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