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That's an interesting point about the pool of PE managers being relatively small in Australia (even smaller in NZ!) and therefore the limited partners having fewer to choose from.

I wonder if it means that a "star" GP is in an even stronger position in Australia than they would be in the US/Europe?

Melbourne LP

Agree with you on secondaries boom. There are a bunch of private equity managers planning new funds over next 12 months and they will need to show good exits.

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