08-07-2025
Australian Pension Overseeing A$75 Billion Adds Private Equity
Mercer Superannuation Australia Ltd. will add private equity to its default pension options for the first time, joining a growing number of retirement funds in embracing the strategy to diversify their holdings.
The A$75 billion ($49 billion) pension will begin deploying capital this year and aims to bring the allocation to around 5% of default options which members are automatically placed in, said its chief investment officer Graeme Miller. Most of the new money will be allocated to secondary and co-investments, he added.
