Australian superannuation fund Cbus is looking to boost its private equity exposure via international co-investments, according to a report by Private Equity International.
The pension fund, which manages AUD65.6 billion on behalf of Australia’s construction and building unions, currently has a private equity exposure of about 1.9 per cent. Private Equity International quotes Cbus Deputy Chief Investment Officer Brett Chatfield as saying that that allocation is set to be increased as part of a wider portfolio review which the company exacted to complete in June.
According to to Chatfield, any increase in private equity allocations will not be at the expense of other private markets investments as the company believes it currently has the capacity to take on more illiquidity.
