Australia’s A$54 billion ($49 billion; €33 billion) Future Fund committed A$6.4 billion to nine new private equity fund managers in the year ended 30 June 2009, according to its annual report. This brings its total commitments to the asset class to A$7.6 billion.
The nine new managers are Adams Street Partners, Apax Partners, Charterhouse Capital Partners, HarbourVest, Hellman & Friedman, Montagu Newhall, Nordic Capital, Oaktree Capital Management and TowerBrook.
Future Fund's private equity commitments surge
The Australian sovereign wealth fund's exposure to private equity grew 520% year-over-year.
