AustralianSuper to double private equity assets

The fund, which oversees A$330bil of assets, is seeking to boost its private equity allocation to as much as 9% of its portfolio from 5% currently. — Bloomberg

SYDNEY: AustralianSuper, the country’s largest pension fund, plans to almost double its private equity assets over the next four years, as deals pick up following a lull spurred by higher borrowing costs.

The fund, which oversees A$330bil of assets, is seeking to boost its private equity allocation to as much as 9% of its portfolio from 5% currently, chief investment officer Mark Delaney said in an interview.