By the end of June 2007, a total of A$8.9 billion of new capital commitments was raised by private equity and venture capital funds. This has been the highest amount of money raised for the region. Successful fund-raising activity was dominated by buyout and other private equity funds. On a calendar year basis, a total of seven new funds were formed. These were oriented to buyout and other private equity investments.
The average size of new private equity funds formed during the calendar year reflected continued growth compared to previous years. New funds formed averaged A$1.1 billion in size, up by more than 50%, from the average fund size at the same time in 2006. Of the total new private equity funds formed during the calendar year, one was a first-time fund, while the majority were follow-on funds.