Australia pension fund says now is the time to buy private assets

(Image: Bloomberg)

Tue, 09 Apr 2024

By Amy Bainbridge and Haidi Lun(Bloomberg) - Australia’s largest pension fund wants to put more money into private-market investments and will further boost its exposure to overseas assets. “Now is a better time to put money into private markets than two or three years ago, when valuations were more expensive, and deals were quite scarce,” AustralianSuper chief investment officer Mark Delaney said on Bloomberg TV in Melbourne on Monday. “The inability for a lot of US pension plans to recycle capital has meant t...

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