Australia's ‘buy everything' super funds show us their KKR side
Late last decade we were writing how industry super funds had changed Australian equity capital markets deals, and takeovers by spearheading ASX-listed company buyouts. It feels like they've hoovered up anything not bolted down since.
But the onslaught of FY25 results – chief investment officers' once-a-year chance to remind investors their retirement is in solid hands – signals a new chapter. Some of this year's gains were made selling typically sticky and illiquid infrastructure and private equity assets, not just buying and holding on.
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