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  • Submission: Pre-Budget Submission for 2017-18

    AVCAL submission to The Treasury - Thursday, 19 January 2017 AVCAL has lodged its pre-budget submission addressing the policy settings which have the potential to support the next wave of investment and innovation-driven growth. The recommendations outlined below are focused on areas including: Australia’s foreign investment settings; research and development tax incentive; and collective investment regulatory framework. Read the full submission here.

  • AVCAL congratulates new Minister for Industry, Innovation & Science

    Wednesday, 18 January 2017: AVCAL would like to extend its congratulations to Senator Arthur Sinodinos AO, on his impending appointment as Minister for Industry, Innovation and Science. “Senator Sinodinos will no doubt bring a new perspective to the position, and his expertise in financial markets, economics and public policy will be valuable when it comes to understanding the role private equity and venture capital plays in the Australian economy.” “We look forward to working with Senator Sinodinos on developing the next phase of the Government’s National Innovation and Science Agenda (NISA), which should be focused…

  • Fund managers announced to invest $500m Biomedical Translation Fund

    Tuesday, 13 December 2016: The Australian Government has today announced the three venture capital firms which will manage the $500 million Biomedical Translation Fund (BTF). The BTF is aimed at translating Australian science and research efforts into market-ready healthcare products. OneVentures, Brandon Capital and BioScience Managers were selected through a competitive process to invest the BTF funds to help nurture biomedical discoveries which have the capacity to change lives by turning them into real-life healthcare solutions. The BTF is a co-investment program with $250 million of funding seeded by the Government’s Medical Research Future Fund…

  • Medical Research Future Fund announces its priorities

    The Medical Research Advisory Board (MRAB) recently announced a list of priorities which will guide the funding decisions made by the Medical Research Future Fund (MRFF) – an endowment fund providing financial grants to support health and medical research and innovation. AVCAL’s Yasser El-Ansary is a member of the Medical Research Advisory Board and therefore will play an instrumental role in ensuring the MRFF is an essential part of the health system investing in prevention research through to clinical application. After a thorough consultation process, which included written submissions, public forums, webinars and roundtables, both the Strategy…

  • Another strong quarter for PE & VC returns

    Author: Kosta Sinelnikov, Senior Research Analyst, AVCAL AVCAL and Cambridge Associates today released the latest Australian PE and VC performance figures for the period ending 30 June 2016.  The figures reveal that the performance of our industry, and the net-of-fee returns going back to investors, remain consistently strong amid financial market uncertainty both in Australia and overseas. Over the one-year and three-year periods, Australian PE and VC funds returned 12% and 19%, respectively. Over the longer term, Australian PE and VC generated 10% (over 10 years) and 12% (over 15 years) – such returns are…

  • Submission: Debt and equity tax rule improvements

  • Venture capital funding hits record high

    Friday, 18 November 2016: Australian venture capital funds raised a record $568 million in FY2016 with investment jumping 50 per cent to $347 million, according to the latest Australian Private Equity and Venture Capital Association (AVCAL) and EY Yearbook. Collectively private equity and venture capital raised $2.74 billion in FY2016, slightly down from $2.87 billion in FY2015. While private equity fundraising was lower than the previous year ($2.55b) at $2.17b, $628m of this is earmarked for growth/expansion deals. Investments made by the industry in the past financial year grew 5 per cent with $3 billion…

  • BLOG: Exposing cyber risk, investing in cyber opportunity

    Author: Fergus Brooks is National Practice Leader for Cyber Risk at Aon Australia Private equity (PE) and venture capital (VC) firms are unlikely to be the foremost target of a cyber- attack. While there is important intellectual property information and confidential deal data under the computer hood of such firms, there are not the credit card details, the health records, the political insights that generally stir interest from the so-called black hats of the cyber underworld. However PE and VC firms still face a significant cyber risk as their underlying investments often do exist as highly viable and…

  • Turning Innovation into Action at NZVCA and PM’s Prize for Science

    The NZVCA, AVCAL’s New Zealand counterpart, is hosting its annual conference this week with Chairman of Innovation & Science Australia, Bill Ferris kicking off the agenda by highlighting the importance of innovation in bringing prosperity to our economies. Mr Ferris said he admired the success of local start-ups, “there are some great stories about innovative companies coming out of New Zealand. These types of successes are important, and not merely for the founders, investors and end-users of innovative new products or services, but for the trajectory of the national economy as a whole.” Ferris…

  • Independent body will guide Australia's economic transition