Private Equity Multifund (MPEM)

The Macquarie Private Equity Multifund was established to give complying superannuation funds access to a diversified portfolio of private equity, through an investment in the Macquarie Alternative Investment Trust (MAIT).

The underlying investments of MAIT are diverse private equity funds managed by some of Australia's leading private equity managers. These funds invest in unlisted privately-owned companies that offer good prospects of capital growth over three to seven years.

The fund focused its investments on companies with these characteristics:

• their potential for generating higher returns than generally available from the Australian sharemarket
• the innovative nature of the products and services
• an ownership structure that allows involvement in management and strategy
• the ability to take a long-term view to develop the company.

The Macquarie Private Equity Multifund is not open to new investments.

your interest - upcoming opportunities

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Investments by MPEM

Brown & Dureau

In September 1998 MAIT participated in a management buy-out of Brown & Dureau, a 100-year-old pine and saw milling company, operating in Eastern Victoria. Upgrades to the company's sawmill increased log capacity and productivity, improving the company's operational efficiency by more than 25%.

The investment was realised earlier this year:

• generating an internal rate of return of 91% pa
• awarded Best Management Buy-in 2001 by the Venture Capital Association (AVCAL).

Austal Ships

In 1994 Austal sought financial backing to expand its Jervoise Bay shipyard to accommodate construction of large high-speed ferries. The investment was a financial success and created a strong new industry and export from regional Australia.

The Austal investment:

• was awarded Best Expansion Stage Investment - 1998 (AVCAL)
• generated an internal rate of return of 36% pa.

Kinetic Suspension Systems

In 1996 MAIT invested in Kinetic, a Western Australian based company that holds patents on an innovative suspension technology. The investment funds were used to develop additional prototype vehicles for marketing Kinetic's suspension system to auto manufacturers worldwide.

The 1999 purchase of Kinetic by US based Tenneco saw MAIT:

• achieve more than $6 million profit
• generate an internal rate of return of 69% pa
• awarded Best Early Stage Investment - 1999 (AVCAL).

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Information for your clients

the MPEM update (pdf 121KB)

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How to invest

The Macquarie Private Equity Multifund is not open to new investments.

your interest - upcoming opportunities