The Australian Private Equity and Venture Capital Association is working to attract Asian investors.
This is part of a push to help mid-tier funds facing hard times, its chief executive Katherine Woodthorpe said.
"Australia's much more than Archer and CHAMP (private equity funds). There are whole tiers of quality smaller firms below that," says Woodthorpe. "The pulling back of the supers has been a huge concern for smaller funds." Woodthorpe told news agency AAP.
Mid-tier private equity funds managing between A$100 million and A$250 million have struggled to find local investors as super funds pared back investments and reallocated capital to larger, international players, AAP said.
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