Top Australian Pension Fund Goes on Private Credit Investing Spree
- Private credit seen as more attractive than infra, property
- Churchill CEO sees growth in US middle market lending
AustralianSuper has over $4.5 billion invested in private credit globally and is expecting to triple the exposure in the coming years.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Australia’s largest pension fund is increasing exposure to the fast-growing private credit market to boost returns amid shrinking bank balance sheets and tightening regulation.
AustralianSuper Pty Ltd., which manages more than A$300 billion ($198 billion) of assets, has increased an investment mandate with private credit specialist Churchill Asset Management to $1.5 billion from $250 million.