Private Equity FY15 highlights

According to Deloitte Access Economics, business backed by Private Equity contributes more than four percent, or $59 billion, to Australia’s annual gross domestic product and directly or indirectly employs more than 500,000 people. Those numbers are very significant. In the year to June 30, 2015, private equity and venture capital fundraising hit $3.1 billion – the second highest level in eight years.

Australian and Global Outlook

Gareth Banks who is Director, CHAMP Ventures and Chairman, AVCAL recently noted that for investors, there’s never been a better time to look at allocating capital into Australian private equity and venture capital. Australian private equity and venture capital funds have significantly outperformed listed equities over every period since 2000, net of fees and expenses. Given the upheaval experienced in a number of developed markets around the world over recent years, this is a track record of which many others around the world are envious.

Private equity-backed initial public offerings (IPOs) returned over ten per cent on average and 16.9 per cent on a weighted average basis in 2013-14, outperforming other IPOs by three per cent and four per cent respectively. While the long-term nature of private equity may be a challenge for some domestic investors, the industry’s consistent outperformance is impossible to ignore.

• Fundraising in FY2015 ($3b) reached the second highest level in 8 years

• Funds under management for PE and VC in Australia grew by 10% to $28b as of 30 June 2015

• Australian PE and VC outperformed the ASX300 by 4% net of fees PA over the last decade

• Over 600 companies were backed by PE and VC as of 30 June 2015

• PE-backed IPOs have returned over 10% on average since listing, compared to 7% for non-PE backed IPOs

• Over 500,000 jobs are supported by PE and VC

• PE and VC-backed businesses contribute 4% to the nation’s GDP every year.

• Independent research shows that a diversified super portfolio with a private equity allocation delivers the best median retirement balance.

Foley Durham continues to work closely with many of the leading private equity firms in Australasia appointing C-suite and Non-Executive Directors. Foley Durham has a long track record of bringing entrepreneurs and business owners together. The firm recognises that both 'people and capital' are the two most important aspects of delivering long term shareholder value. Private Equity has provided an avenue to creating long term shareholder returns.

1 AVCAL/EY YEARBOOK 2015, 2 AVCAL 2015, 3 Australia Private Equity & Venture Capital Index and Benchmark Statistics: AVCAL/Cambridge Associates 2015, 4 AVCAL 2015,

5 IPO Performance Analysis Report: AVCAL/Rothschild February 2015, 6 Deloitte Access Economics 2013, 7 Deloitte Access Economics 2013, 8 Rice Warner 201

1 A 1 AVCAL/EY YEARBOOK 2015, 2 AVCAL 2015, 3 Australia Private Equity & Venture Capital Index and Benchmark Statistics: AVCAL/Cambridge Associates 2015, 4 AVCAL 2015,

5 IPO 1 AVCAL/EY YEARBOOK 2015, 2 AVCAL 2015, 3 Australia Private Equity & Venture Capital Index and Benchmark Statistics: AVCAL/Cambridge Associates 2015, 4 AVCAL 2015,

5 IPO Performance Analysis Report: AVCAL/Rothschild February 2015, 6 Deloitte Access Economics 2013, 7 Deloitte Access Economics 2013, 8 Rice Warner 2015Performance Analysis Report: AVCAL/Rothschild February 2015, 6 Deloitte Access Economics 2013, 7 Deloitte Access Economics 2013, 8 Rice Warner 201L/EY YEARBOOK 2015, 2 AVCAL 2015, 3 Australia Private Equity & Venture Capital Index and Benchmark Statistics: AVCAL/Cambridge Associates 2015, 4 AVCAL 2015,

5 IPO Performance Analysis Report: AVCAL/Rothschild February 2015, 6 Deloitte Access Economics 2013, 7 Deloitte Access Economics 2013, 8 Rice Warner 2015

1 AVCAL/EY YEARBOOK 2015, 2 AVCAL 2015, 3 Australia Private Equity & Venture Capital Index and Benchmark Statistics: AVCAL/Cambridge Associates 2015, 4 AVCAL 2015,

5 IPO Performance Analysis Report: AVCAL/Rothschild February 2015, 6 Deloitte Access Economics 2013, 7 Deloitte Access Economics 2013, 8 Rice Warner 2015