Australian superannuation fund Aware Super is heading towards its private markets allocation targets after a period of build-up and growth.
The fund, which manages around $110 billion on behalf of nurses and teachers, launched its first office outside of Australia in 2023, putting boots on the ground in London.
Damien Webb, the superfund’s deputy chief investment officer and head of international, sat down with PEI senior editor Adam Le. In a wide-ranging interview, the pair discuss how GP-leds are complementary with the skills Aware Super has built out around co-investment, Webb’s views on LP-led secondaries as its alternatives portfolio becomes more mature, and his views on pricing and discounts in the market.
Le and Webb also discuss Aware Super’s views for further international expansion and whether the team has been making any private markets asset allocation shifts over time where opportunities arise.