Australian superannuation fund Rest has committed A$230m (€130m) to Wollemi Capital, a specialist climate investor focused on decarbonisation and infrastructure.
Rest has become a cornerstone investor in Wollemi’s first managed vehicle, expanding the superannuation fund’s portfolio of impact-generating and sustainability-focused investments.
Led by former Macquarie Capital head Tim Bishop and former BCG Ventures executive Paul Hunyor, Wollemi invests in companies and projects in Australia and North America, with a focus on energy, waste-to-value, industrials and natural capital.
Rest’s interim co-CIO, Simon Esposito, said: “We believe decarbonisation will continue to influence the global economy and society for many decades to come and expect this long-term trend to create valuable investment opportunities for our members.
“Through this commitment with Wollemi, our members will gain exposure to a strong pipeline of innovative climate solutions we expect will contribute to and benefit from decarbonisation.”
Marina Pasika, Rest’s head of growth alternatives, said: “This commitment will allow Rest to deploy capital at scale, through our growth alternatives strategy, into opportunities that do not necessarily fit with traditional asset classes and portfolio structures, which we believe will benefit from the next major tailwinds and will form an important part of investment portfolios in the future.”
Pasika said the Wollemi commitment was the fourth impact investment in Rest’s growth alternatives portfolio. Rest aims to allocate 1% of total funds under management to impact-generating investments by 30 June 2026.
Bishop, Wollemi co-founder and co-CEO, said: “We’re excited to be partnering with Rest, one of Australia’s leading superannuation funds with a long-standing commitment to sustainability and climate impact, to create our first Wollemi-managed investment vehicle.”
Hunyor, Wollemi co-founder and co-CEO, said: “Wollemi’s focus on supporting today’s innovative climate solutions to become tomorrow’s sustainable infrastructure is well aligned with Rest’s own commitment to helping build a more sustainable future.”
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