1st October, 2022
AustralianSuper has become one of the world’s largest public pension funds, and has grown its overseas footprint significantly in the past few months, including its London and New York offices, which it expects to grow to 250 staff. We had the great pleasure of speaking with Damian Moloney, Head of Investments, International, about the activities and prospects of the fund.
2nd June, 2022
Exactly a year after it first announced it, GIC has closed its first few hires in Australia and has opened an office in Sydney to manage its significant portfolio of assets Down Under. The first team members to be onboarded are a VP from Nuveen, an Associate from Fortius and another one from Credit Suisse. We expect the fund to name a head for the new office soon.
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9th May, 2022
Canada’s second largest public pension fund, OMERS, is acquiring a major Australian portfolio of mobile towers from TPG in a deal worth A$950 million (US$660 million), marking its first foray into the Asia-Pacific digital infrastructure sector.
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1st May, 2022
For the year ended 30 June, 2021, the Victorian Funds Management Corporation (VFMC) reported a one-year-return of 16.9% and ten-year annualized return of 9.4%. The state investor manages AUD $74.5 billion (US$ 56 billion) on behalf of 31 public authorities of the state of Victoria. Seven months ago, CEO Lisa Gray retired and passed the baton to Kate Galvin, an executive with extensive asset management, banking, wealth management, markets, and legal expertise that would enable VFMC to continue with its evolution and delivery of market leading long-term returns. We had the pleasure of chatting with Ms. Galvin about her vision for the future of the organization.
22nd April, 2022
The Abu Dhabi Investment Authority (ADIA) and Australia’s healthcare sector superannuation fund HESTA have joined a consortium led by US private equity firm KKR that is seeking to buy Australia-based global hospital operator Ramsay Health Care for A$20 billion (US$15 billion) - a move that proves Australia is an enduring attraction for both domestic and foreign state-owned investors (SOIs).
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12th March, 2022
Australian public pension funds helped take Sydney Airport private, affirming Global SWF’s analysis that Australian real assets are a hot target for investment despite the challenges facing the aviation sector.
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22nd February, 2022
A US$7.7 billion blockbuster deal backed by four Canadian public pension funds to acquire Australia’s AusNet electricity network is the latest in a string of large infrastructure investments by Canada Inc in the country as they seek to ramp up exposure to low-risk, inflation-proof and stable growth real assets.
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20th December, 2021
Next Saturday, January 1, 2022, we will be releasing the industry’s most timely, rigorous, and insightful account of the activity and trends of Sovereign Wealth Funds and Public Pension Funds during 2021. The report is titled “State-Owned Investors 3.0” and includes comments from SOIs in every major section:
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3rd December, 2021
Yesterday AustralianSuper successfully completed the acquisition of Club Plus Super, which will feed the largest superannuation scheme in the country with 60,000 new members and US$ 2.25 billion in assets. This acquisition does not come as a surprise though, as a total of nine transactions have been announced or completed in the past 18 months Down Under.
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26th November, 2021
The approval of the A$5.2 billion (US$3.7 billion) takeover of Spark Infrastructure by a consortium of private equity giant Kohlberg Kravis Roberts (KKR), the Ontario Teachers’ Pension Plan (OTPP) and PSP Investments marks the latest acquisition involving Canadian public pension funds, who have emerged as the leading foreign investors in Australian infrastructure.
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20th October, 2021
Sovereign investment in Australian real assets is soaring to new heights with US$9 billion spent on real estate and more than US$6 billion deployed into infrastructure – and this month is seeing the pace of investment continue.
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28th September, 2021
The merger of Australia’s QSuper and Sunsuper creates the country’s second biggest public pension fund with AUM of US$152 billion and two million members, sending the combined entity up the global league table to 22nd place, between Denmark’s ATP and behind Canada’s BCI and PSP Investments.
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