Australian superannuation funds are turning to direct lending in search of higher returns, providing an alternative source of liquidity for borrowers and deepening the institutional loan market Down Under. AUSTRALIANSUPER, the country's largest superannuation fund, with more than two million members, has been building a direct lending portfolio since setting aside A$lbn (US$761m) last year for self-managed private credit investments. Several of its peers, including CONSTRUCTION AND BUILDING UNION SUPERANNUATION (Cbus), FIRST STATE SUPER REST INDUSTRY SUPER and TELSTRA SUPER, are also looking into direct lending opportunities.
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