AustralianSuper to Nearly Double Private Equity Assets Amid Increased Deal Activity
Melbourne, Australia – AustralianSuper, the largest pension fund in the country, has announced plans to significantly increase its private equity assets in the coming years. This decision comes as the market sees a resurgence in deals, following a period of stagnation due to rising borrowing costs. With assets totaling A$330 billion ($215 billion), AustralianSuper aims to raise its private equity allocation from the current 5% to as high as 9% of its portfolio. Chief Investment …