Schroders Capital, the London-headquartered global asset manager, has secured an AUS$250 mln (€168 mln) investment from a superannuation fund to invest in private debt in Australia, including in real estate.
The mandate covers corporate lending, real estate and infrastructure debt.
Nicole Kidd, Schroders Capital’s head of private debt for Australia, said that while the Australian private debt market was still nascent, it is emerging as a ‘strong and attractive region’ for private debt investors, in a global asset class that is forecast to grow to over €1 trillion globally by 2025.
Schroders did not say which fund had provided the mandate.
Among the largest Australian superannuation funds are Australian Retirement Trust, Commonwealth Superannuation Corporation, AustralianSuper and Aware Super, according to the Sovereign Wealth Institute. Others include Sunsuper Superannuation Fund, Unisuper, QSuper, and the Public Sector Superannuation Scheme.
