5678.0 - Venture Capital and Later Stage Private Equity, Australia, 2012-13 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 13/02/2014
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New capital commitments to Australian funds decline by $2.4 billion
New capital committed to Australian venture capital and later stage private equity funds decreased by 77 per cent ($2.4 billion) in the 2012-13 financial year according to figures released today by the Australian Bureau of Statistics (ABS).
"This is the largest decrease we have seen since we first started publishing this data for the 2004-05 financial year," said Ms Tracey Rowley, Assistant Director of Research and Development Surveys
"It appears Australian funds found it difficult to attract further capital from investors on the back of a peak capital raising period last financial year.
"Despite difficult fundraising conditions, existing investments performed strongly during the 2012-13 financial year.
"Ongoing investments are revalued each year, and this year resulted in an increase of $906 million, which is the highest figure in over 10 years", Ms Rowley said.
Further details can be found free on the ABS website in Venture Capital and Later Stage Private Equity, Australia (5678.0)
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