Private equity companies are facing just as many challenges as their publicly-listed counterparts, according to the latest State Street Private Equity Index.
For the third quarter of last year the index revealed an 8.4 per cent decline.
Commenting on the result, State Street Corporation vice president Gerard J Labonte said private equity companies were facing the same difficult economic conditions that were affecting public markets.
"As private companies are reassessing and revising downward their near-term growth outlooks in the face of a global recession and tight credit markets, private company valuations are also under pressure to be reduced," he said.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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