Australian Pension With $57 Billion Makes Private Equity Push
- Rest plans to boost private equity allocation to 5% by 2026
- Credit less appealing as competition rises, says CIO Lill
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One of Australia’s largest pension funds, the A$85 billion ($56.6 billion) Rest, plans to splash more on private equity investments in the next two years as it targets a 5% allocation target by 2026.
The fund has already grown its private equity holdings to 3% from 1% in 2021, chief investment officer Andrew Lill said in an interview in Sydney.