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Policy and Research News
Private Equity Alert
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New and Revised AVCAL Fact Sheets
private equity firms sign UN PRI
Equity and Ironbridge were the latest private equity firms to join
the United Nations Principles for Responsible Investment (UN PRI)
signatories list. The UN PRI is used as an outline for investment
companies, super funds and service providers to integrate
environmental, social and governance issues into their investment
processes. Read more.
Australia now has 4 GPs
signed to the UN PRI including Anacacia Capital, KKR, Ironbridge and
CHAMP PE. AVCAL will be facilitating a Responsible Investing
information session for GPs/LPs only on 24 November 2009 in Sydney
to provide some background on the subject and provoke some
discussion. Register now. GPs/LPs only
Survey on Private Cost of Capital
private cost of capital survey (PCOC) looks at the behaviour of
senior lenders, asset-based lenders (ABLs), mezzanine funds, private
equity groups, and venture capital firms in the US. It examines the
benchmarks that must be met in order to qualify for capital, how
much capital is typically accessible, what the required returns are
for extending capital in today's economic environment, and outlooks
on demand for various capital types, interest rates, and the economy
in general. Read more.
Tax Incentive consultation paper
Further to the
passing of the Tax Laws Amendment Bill, the Government has released
the R&D Tax Incentive consultation paper for public scrutiny and
for interested parties to make a submission by the 26th of October,
2009. A further round of public consultation on exposure draft
legislation and associated explanatory materials will occur later in
2009.Click here for more information
The AVCAL AGM will be held on Thursday 26
November 2009. You must register for the meeting if you wish to attend.
All AGM notices, minutes and financial statements
are on the website. Our end of year drinks function will follow the
AGM. There is a fee to attend this event. Register now.
2009 was a great success with 550 people registered. Thank you to
all of those people who responded to our post-conference survey.
This feedback is really important to the ongoing planning of this
to AVCAL award winners
AVCAL 2009 Award Recipients
Best Expansion Stage
Investec Wentworth for
Perkins Shipping Group
Best Management Buyout
Gresham Private Equity for Australian Pacific Paper
Best Management Buyout
Anchorage Capital Partners for Golden
Excellence in Investor Reporting
award was given by a panel of LP judges who deemed that CHAMP
Private Equity investor reporting met AVCAL reporting guidelines and
exceeded industry standard. It is hoped that this award will become
a mainstay of the awards program in the years to
Lifetime Contribution to the
Click here to read the media
We are pleased to announce a QLD End of Year
drinks function on 3 December 2009. Register below.
Responsible Investing Information Session 24
November, GPs LPs only.
AVCAL AGM & End of Year Drinks, 26 November
at the Waterfront Circular Quay. AGM starts at 5pm. Register
VIC End of Year Drinks held at Maddocks lawyers,
Inaugural QLD End of Year Drinks on 3 December, location
to be confirmed.
Life Science Investment Summit Tuesday 27th October 2009,
Melbourne, Australia (Immediately preceding the AusBiotech 2009
national conference). More information.
Celebrating Innovation 2009, Sydney, 27 October 2009. Register now
China International LP summit
7 November, Beijing. More details.
Beijing Conference, 10 November. More details.
Private Equity & Venture Forum, 11-13 November, Four
Seasons Hotel, Hong Kong. More details.
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
Office Congress -December 3-4th, Sydney
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 click here.
AVCAL is the professionally
managed industry body that promotes the Australian private equity &
venture capital industry.
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