Aware Super's checklist for emerging managers
from PEI Private Equity Spotlight Hosted by PEI Group
Australian superannuation fund Aware Super opened its first overseas office in London last year and has wasted little time deploying capital. The fund, which manages A$170 billion ($110 billion; €105 billion) on behalf of predominantly nurses and teachers in Australia, quickly set on a plan to invest £5 billion ($6.3 billion; €6 billion) in the UK. It is almost halfway through that plan and most recently invested $370 million to acquire a stake in renewable energy group Octopus Energy. In this episode, senior editor Adam Le sits down with Damien Webb, deputy chief investment officer and head of international, to discuss what the superfund looks for when it backs emerging managers (spoiler alert: it's more than just track record). Webb also discusses how the fund invests in both funds and directs, its outlook on UK investments and how it plans to deploy more capital into secondaries.
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