Australian Private Equity and Venture Capital market is relatively small comparing neighbouring China, but it is still an emerging market. PE and VC firms in Australia are concentrated in Sydney and Melbourne. Australian PE/VC/Angels invest in various sectors, there are both generalist and specialist investors targeting certain industries, such as Healthcare, Agriculture, Technology, Media & Communication, Energy, Infrastructure and Real Estate. There both large local firms focusing mainly on Australia and New Zeeland, as well as Asian funds of global Private Equity and Venture Capital investors. Australian investors provide funds to companies and startups at different stages, being involved in seed, growth financing, mezzanine, LBO and MBO deals.