Will U.S. PE activity in Australia rebound this year?
March 01, 2016
Click to see the top U.S. investors in Australia
KKR has announced that Scott Bookmyer, chief operating officer of KKR Asia, will expand his role to assume direct responsibility for KKR Australia, effective July 1. Bookmyer will lead the firm’s growing investment platforms in the country, including (but not limited to) private equity, real estate and energy.
The move comes during an interesting crossroads for U.S. PE in Australia. According to the PitchBook Platform, investor activity in the country hit a decade record in 2013 with 42 completed deals, a 40% jump from the previous year; however, counts have fallen steadily each year since, dropping to 32 transactions in 2015—barely above the 30 deals closed in 2012 before activity peaked.
So will U.S. PE activity in Australia rebound this year? If so, we have an idea of the firms that will lead the charge. Click here to look over the top U.S. investors in the land down under.