AustralianSuper?
Does anyone have any insight into the infrastructure group at AustralianSuper? Know they've done some large digital deals in the past (Databank, Vantage), and was curious on comp, hours, culture, etc. Also any insight if they do more direct investing or co-invest would be helpful. Thanks
Based on the most helpful WSO content, AustralianSuper is one of the Australian superannuation funds capable of investing directly in infrastructure within Australia. However, outside their home market, they typically invest directly alongside a more experienced fund manager. This suggests a mix of direct investing and co-investing strategies depending on the geography and deal specifics.
Regarding compensation, hours, and culture, there isn't specific information in the dataset provided. However, given their capability to execute large deals like Databank and Vantage, it's likely that their infrastructure team operates at a high level of professionalism, with competitive compensation aligning with the broader infrastructure investment market.
For more detailed insights into comp, hours, and culture, you might consider reaching out to professionals in the industry or exploring additional WSO threads focused on AustralianSuper.
Sources: Overview of Infrastructure Private Equity, Overview of Infrastructure Private Equity, https://www.wallstreetoasis.com/forum/investment-banking/qa-australian-ib-life-etc?customgpt=1, Sponsors coverage in Australia
Garbage team that got mostly wiped out last year. Only really do co investments now, North Am team will probably get axed in the next couple years just looking at Australian politics. Used to be good though
What happened to them last year? What do you mean wiped out?
Can confirm, spoke to the team there and they mentioned that due to the bad performance they can't do directs anymore and go forward they will only do co-investments and funds
They only care about reducing cost, so generally taking whatever lumpy co-invest no one else wants just to deploy capital.
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Also confused on the "wiped out". Anyone have any more context on that?
Seconding that this place should be avoided. Would even take a decent secondaries shop instead
any more context on why?
Not much to add here other than that it does seem like they scooped up all the leftovers/rejects from GPs/direct investors and couldn't keep it together. Know two ppl there (one who flamed out from a GP) and another (one who flamed out from a big insurance company) and both just aren't great investors. Latter said she 'left because the work-life balance wasn't a fit" but comeon. In an allocator seat? What are we doing.
You’re saying these people left because the work life balance wasn’t a fit or they’re still there and that’s why she joined? Pay is pretty good though right?
Not sure why you think a pension fund or SWF would attract people who were rock stars at GPs and other direct shops.
Anyone have insight into culture/hours?
bump
AustralianSuper is a massive, highly respected direct investor in infrastructure globally. Compensation is competitive for super funds, hours are typically much better than sell-side IB or traditional US mega-funds, and they do significant direct equity investing alongside co-investments in digital infrastructure like DataBank and Vantage.
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