Media Super has appointed private markets specialist Quentin Ayers to advise on choosing private equity managers in Australia and abroad, Pensions & Investments reports. Some 50 percent of Media Super’s existing private equity commitments are invested domestically and the remaining overseas.
About 6 percent of the Melbourne-based super fund’s $2.8 billion in assets are currently invested in private equity funds of funds. It will not withdraw these investments as it invests with individual managers.
Click here for the story from Pensions & Investments.