Australia's biggest pension funds are betting the nation's first recession in about three decades will produce its next tech-unicorns, fueling a record year of venture capital fundraising.
Australia's pension funds will be forced to push more money into less traditional assets -- such as apartment developments and even direct lending to companies -- after the strong recent performance of equities and fixed-income left valuations lofty in public markets.
These 7 Australians Are Now Tech Billionaires As Global Markets Push Their Wealth Sky-high | Business Insider
Despite not being renowned for either its tech scene or its fabulously wealthy, Australia has still managed to cobble together a few tech billionaires.
Australia's biggest pension fund has told investors to prepare for low, or even negative returns, as the economic growth cycle nears an end.
PE firms are increasingly seeking loans with slacker terms to help fund buyouts of Australian businesses, creating a testing ground for these kinds of deals in the Asia-Pacific leveraged finance market.
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.