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Australian private equity confidence survey Q2 2003

Venture capitalists in Australia and New Zealand are beginning to show the same optimism for the state of the economic climate as their UK and Silicon Valley counterparts. Having received a rather downbeat response in Q1, when 37 per cent of respondents expected the general economic climate to decline, VCs in Australia and New Zealand appear to have changed their views. Some 76 per cent now expect the economy to remain the same or improve, according to Deloitte & Touche's Australasian private equity confidence survey for Q2 2003.

The survey provides a snapshot of venture capitalists' expectations for the next six months, acting as an indicator of changing confidence levels in the economic climate, deal activity and availability of funding and investment focus. They remain confident in the performance of their investee companies, with 62 per cent predicting an improved performance over the next six months. Yet the exit markets are still cause for concern.

Copyright © 2003 Deloitte & Touche

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