« back to reports
2024
Australia & New Zealand Private Capital Breakdown
June 5, 2024
This report was reuploaded on June 12, 2024, to correct the time frame for the tables on pages 27 and 29.
Interested in sponsoring future editions of this report? Visit our media partnerships page to learn more.
Australia and New Zealand's young private markets wrestle tough global headwinds
Australia and New Zealand’s private markets have not been immune to the challenging dealmaking climate, with investments in private equity and venture capital slowing in recent years. The exit markets in both countries have been quiet; exit value has yet to exceed the annual amount invested in PE or VC in any year, according to PitchBook’s inaugural 2024 Australia & New Zealand Private Capital Breakdown, sponsored by J.P. Morgan.
Although recent numbers have been disappointing, optimism remains for the region’s private markets, which are still in their early stages. The number of investors and amount of capital available for startups has grown significantly over the past decade, while PE dealmaking is still registering well above 2020’s levels.
Table of contents
Interested in sponsoring future editions of this report? Visit our media partnerships page to learn more.
Australia and New Zealand's young private markets wrestle tough global headwinds
Australia and New Zealand’s private markets have not been immune to the challenging dealmaking climate, with investments in private equity and venture capital slowing in recent years. The exit markets in both countries have been quiet; exit value has yet to exceed the annual amount invested in PE or VC in any year, according to PitchBook’s inaugural 2024 Australia & New Zealand Private Capital Breakdown, sponsored by J.P. Morgan.
Although recent numbers have been disappointing, optimism remains for the region’s private markets, which are still in their early stages. The number of investors and amount of capital available for startups has grown significantly over the past decade, while PE dealmaking is still registering well above 2020’s levels.
Table of contents
| Key takeaways | 4 |
| Australia & New Zealand market overview | 5 |
| A word from J.P. Morgan | 8 |
| Dealmaking | 10 |
| Sector spotlight: VC in fintech | 21 |
| Sector spotlight: PE in IT | 22 |
| Exit activity | 23 |
| Fundraising activity | 26 |