Local VCs lack institutional backers

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The Australian venture capital sector is gradually attracting more local investment but not enough from the most significant source, institutional investors.

Private Equity Media (PEM) has just released its annual report on Australian institutional investors’ attitudes to private equity and venture capital investing.

The report reveals a very different picture to the strong growth suggested by internet posts which focus on the technologies being developed, rather than the financial backing needed to commercialise them.

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