Australian pension fund UniSuper has elevated its portfolio publicity to non-public credit score.
The fund now holds roughly AUS1bn (£520m) in dry powder, which may probably be invested within the sector.
In a current interview with Reuters, John Pearce, chief funding officer of UniSuper, stated that subsequent 18 months is a perfect time for unlisted asset offers corresponding to non-public credit score.
Learn extra: Establishments shift portfolios in direction of non-public credit score
Nonetheless, he added that the UniSuper’s dimension signifies that it may afford to carry out for the most effective offers.
“At occasions we’re the one one throughout the desk,” Pearce stated.
“You’re agreeing a worth with out having to get right into a bidding struggle.
“For those who’re bought money to deploy in debt markets or non-public fairness, you need to be capable of do some sensible offers.”
Learn extra: Non-public credit score to “thrive” as dry powder reaches $292bn
Final 12 months, UniSuper appointed Revolution Asset Administration for an undisclosed non-public debt mandate. Since then, the pension fund has been paying nearer consideration to the non-public credit score area, with a view to creating selective investments.
UniSuper is among the largest pension funds in Australia with belongings beneath administration of greater than AUS$120bn.
It returned 10.3 per cent in its main funding car within the 12 months ending 30 June 2023.
Learn extra: Australia’s Pengana launches listed non-public credit score fund
