POWERED BY MOMENTUM MEDIA
Private equity outlook positive
Despite challenging conditions in global markets, the long-term outlook for private equity investments remains favourable, according to the State Street Corporation.
Based on the March 31 results of the State Street Private Equity Index, swings in private equity valuations and any adverse reactions to quarterly earnings announcements have been tempered by the sustainable management of the underlying investments.
While admitting that private equity wasn’t immune to the turbulence in the financial market in the first quarter of 2008, State Street vice president Gerard Labonte said residual value multiples for the index remained stable.
He also suggested that it would be interesting to watch the future performance of any newly launched funds in this space.
“If recent history is any indication, funds launched in turbulent times can obtain pricing advantages to generate significant long-term results,” he said.
“We’ve noticed that funds launched in 2003, the year of the most recent (public) market bottom, have performed quite well in comparison to their peers.”
Recommended for you
Treasurer Jim Chalmers has hit back at critics of the Division 296 super tax changes, saying it shows commentators’ aversion to substantive tax reform.
Australia’s superannuation funds are on track to post another year of strong performance, with the median growth fund returning an estimated 9 per cent for the 2025 financial year, according to research from Chant West.
The UK aims to boost investments via Australia’s super fund sector, unlocking major bilateral business and growth opportunities.
The Future Fund has received government approval to internally manage transactions in Australian infrastructure and property, marking a significant shift in its investment approach after nearly two decades of relying solely on external managers.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
