Quadrant Private Equity

High entry multiples are forcing private equity firms to get creative Down Under.

The Sydney-based private equity firm has closed its seventh fund.

The Australian sovereign wealth fund has been shifting its private equity strategy to invest in Australia’s growing start-up sector.

The Sydney-based private equity firm closes its largest fund after one month on the road.

The firm’s sixth vehicle had a high re-up rate and received about 60% of commitments from offshore investors.

Private equity firms are making fewer but larger investments and mainly in the consumer services and retail, according to data from Australian private equity association.

Domestic funding of private equity firms jumped from 17% in FY16 to 63% in FY17, data from the Australian private equity association revealed.

The Sydney-based mid-market firm expects to hold a final close on more than $760m by the end of the year, Private Equity International has learned.