AustralianSuper opens NYC office, offshore private debt portfolio to focus on US, Europe
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
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Australia’s largest superannuation fund has opened its US office in New York as it focuses its private credit portfolio on developed markets.
The AU$225 billion ($163.8 billion) fund opened its New York office in late August after a year-long delay due to Covid-induced travel restrictions.
AustralianSuper has committed to tripling its private debt investments to AU$15 billion by 2024, the fund said in a statement in July.
On top of its New York office, the fund also has a thre…
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