Private Debt Funds Tap Australia’s $2.3 Trillion Pension Savings
- Kayne Anderson has also done deals Down Under as demand grows
- Aussie pensions have room to grow with less than 1% in sector
Photographer: Brendon Thorne/Bloomberg
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After winning over some of the biggest retirement plans in the US, private credit managers have found new fertile ground for their investment pitch: Australia’s $2.3 trillion pension industry.
Four of the top-10 pensions Down Under -- Australian Retirement Trust, HostPlus, UniSuper and Colonial First State -- are making significant increases to their private credit allocations, according to recent statements and interviews with Bloomberg News. AustralianSuper, the nation’s largest, is midway into a three-year push to triple its allocation.