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 12 months prior to 30 June 2009, according to its annual report which was published yesterday. 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 committed A$6.4bn to nine managers in the year to 30 June 2009. Capital invested in the asset class has jumped to A$1.24bn from A$2m the previous year.
