Aware Super discloses latest real estate investment strategy

The Australian pension fund seeks to moderately increase its allocation to real estate over the next 12-24 months.

Name: Aware Super
Headquarters: Sydney, Australia
AUM: AU$167.3 billion ($109.2 billion, €101.6 billion)
Current allocation to real estate: 6.1%

Aware Super has a target allocation of 7 percent to private real estate, a source at the pension fund told PERE.

Over the next 12-24 months, Aware Super intends to make new commitments to core, core-plus, opportunistic and value-add funds with a minimum bite size of AU$ 200 million. The vehicles would focus on healthcare, industrial, multifamily/residential, office and retail. In terms of geographical focus, APAC, North America and Western Europe are the priority, with a focus on OECD countries and the UK in particular.

The LP has an appetite for co-investments and secondaries sales.

Founded in 1992, Aware Super is an Australian profit-for-members superannuation fund.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.