U.S. private equity giant Blackstone Group is seeking to deepen its exposure to Australian commercial property with a $2.3 billion bid for Sydney-focused company Investa Office Fund.
Australia's $108.1 billion sovereign wealth fund said rising global interest rates eroding asset values make its long-term outlook challenging, after the fund exceeded its return-on-investment goal for the year.
Trade tensions between the U.S. and China are ratcheting up. Now analysts are worrying about Australia, which sits uncomfortably in the middle, trading the most with China but receiving its largest investment inflow from the U.S.
An $8.8 billion industry superannuation fund has reintroduced a chief investment capability to its executive lineup, promoting from within to fill the role. Senior investment manager Ben Squires has been promoted to chief investment officer at NGS Super, following a decade of service to the fund.
Family offices in the US are buying into auto dealerships as profits grow in the sector and owners are more willing to sell stakes in their businesses. A San Francisco-based family office called Servco Pacific Capital bought two Harley-Davidson dealerships in Australia last May.
Imagine a sunny beach full of fintech entrepreneurs and bitcoin enthusiasts. Visiting colleagues from Singapore, India and China sit sprawled across the soft sand, commenting on how this coastal city became one of the world’s leading startup hubs. No, this scene isn’t happening in California. It’s actually Sydney, Australia. Here's why.
Chinese investors will pour some $1 trillion (C$1.27 trillion) into real estate around the world over the next decade, of which a considerable amount is likely to land in Canada, according to Juwai, China's largest real estate portal. The country is the fourth-largest destination for Chinese real estate investment, behind the U.S., Australia and Hong Kong.
Venture capital invested in Australian startups hit a near-record $230 million in the June quarter, according to the Venture Pulse report by KPMG. Investment was up significantly on the $181 million for the same three months in 2016 and it was the largest quarter for Australian startups since 2014.
Chinese investment in foreign real estate reached a record $133.7 billion in calendar year 2016. While investment has slowed somewhat in 2017, it's still projected to top $100 billion by the end of the year. Here's why Australian real estate is particularly attractive among the Chinese.
Australian venture capital investment is struggling to keep up with OECD standards, despite startups contributing to 90% of positive jobs growth, according to a report released this week by the Australian Venture Capital Association Limited. Here's why.