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A handy resource which simply explains PE and VC.


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  • Proposed FIRB changes to boost business investment

    Thursday, 9 March 2017: The Australian Private Equity & Venture Capital Association Limited (AVCAL) welcomes the Government’s latest consultation paper on foreign investment, given its importance to the Australian economy. Noting it as a positive step towards a more streamlined and efficient process, AVCAL said the introduction of a pre-approval “exemption certificate” mechanism for low sensitivity business investments would help Australian businesses receive the capital they need in a timely manner. “We are glad to see consideration is being given to reforming the framework implemented in December 2015, which has led to many small…

  • BLOG: We’re small not big

    Author: Rick Baker, Co-founder, Blackbird Ventures.  We believe the Australian venture capital industry at the beginning of 2017 is undersized not oversized. The amount of dry powder — capital that has been raised but not yet invested — is smaller than you think. Funds have been partially invested already, some of the capital is aimed at non-Australian startups and as our successful companies raise larger follow-on rounds the dry powder vanishes quickly. I was speaking at the AVCJ Conference last week, so I pulled some numbers on this. The best numbers on venture capital come…

  • BLOG: Institutional investors need more than returns

    A wave of private equity (PE) and venture capital (VC) firms is set to raise new funds at levels not seen for a decade – but the demands of institutional investors are rising in tandem. What will it take to meet them? Long-term focused institutional investors and private equity firms make natural partners. But today’s superannuation sector is vastly different, doubling in size since 2006-07 when investors committed more than $8 billion to PE and VC firms. Today’s super fund, sovereign wealth fund and pension fund landscape has been radically reshaped by the global…

  • Odyssey Private Equity to target growth opportunities

    ODYSSEY MEDIA RELEASE 20 February 2017: A new private equity fund, Odyssey Private Equity has been established to target investments in mid-sized growth companies. Private equity veteran George Penklis has partnered with experienced private equity professionals Gareth Banks, Jonathan Kelly and Paul Readdy. Together the four have formed Odyssey Private Equity and concluded a $275 million fund raising from institutional investors. Odyssey is targeting expansion capital, replacement capital and management buy-out opportunities across a broad range of industry sectors in Australia and New Zealand. The fund will invest in both control and minority equity positions. The fund will…

  • BLOG: Setting the agenda for 2017

    Author: Christian Gergis, Head of Policy and Research, AVCAL AVCAL’s Budget submission addresses key industry issues including tax reform and foreign investment With the Turnbull government set to deliver its first budget since the 2016 election, all eyes will soon be turning on Treasurer, Scott Morrison, as he prepares the Coalition’s economic plan for the 2017-18 financial year. AVCAL, along with a host of other industry and community stakeholders, has recently submitted its submissions to the Treasury, setting out a number of areas for reform. With Australia facing difficult economic headwinds, and global political uncertainty…

  • 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…