At the end of 2024, private equity managers, including Hg, Hamilton Lane, Coller Capital, and Pantheon, are increasingly targeting Australia with evergreen funds. Pantheon launched its Global Evergreen Mid-Market Secondaries feeder in Australia, achieving a remarkable 23.3% net performance from March to November 2024. Victor Mayer emphasizes Australia’s importance in the global private wealth space, alongside Switzerland and Japan. Blue Owl Capital expanded its presence by hiring John Valtwies and Alicia Gregory to lead its private wealth business. Factors driving Australia’s appeal include smart regulations, sophisticated investors, and rising real estate wealth, positioning it as a key market for private equity growth.