Preqin’s Investor Intelligence database currently holds data on five active private equity fund of funds managers headquartered in Australia. Macquarie Investment Management, Industry Funds Management, and Quay Partners are the three largest of these five managers, with $1bn+ in private equity assets under management.
Macquarie Investment Management manages over $6bn in private equity assets and employs a diversified investment strategy. It invests in most fund types and considers opportunities outside of Australasia, including in Asia, North America, and Europe where it has operational presence. The firm is currently raising capital for both a $300mn Asia-Pacific-focused vehicle, Macquarie Asia Pacific Private Equity Fund II and a $400mn clean technology-focused vehicle, Macquarie Clean Technology Fund II.
Industry Funds Management, with over $2.5bn in private equity assets, invests in Australasia, North America, Europe, and Asia. The firm has offices in the UK and US and is currently investing through separate account mandates. Quay Partners operates from Australia and the US. Its fund of funds investment activity has been focused on Australasia in the past, but in recent years it has focused on investing for separate account mandates and has broadened its investment focus. It recently strengthened its US presence by hiring Jeffery Reed from Pantheon, who has more than 10 years of experience investing in the US.