Oz supers negatively impacting fundraising: Forum
While speakers acknowledge that the fundraising environment was tough inherently, GPs in Australia have expressed discontent with the stance many superannuation funds have taken on private equity, believing that it does not accurately depict the value inherent to the asset class.
"Australian LPs need to turn their focus to returns, not costs... we are never going to be as cheap as buying an index fund," said David Jones, MD at CHAMP Private Equity. This was echoed by Jonathon Freeman,...
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