PE drives superfund outperformance
22nd Aug 13
An article by Private Equity International reports on recent figures released by the Industry Super Network which show industry superannuation funds in Australia outperformed retail superannuation funds consistently over a ten-year period. Superannuation funds in Australia are private equity’s biggest domestic source of capital. David Whiteley, Chief Executive of Industry Super Network, told Private Equity International that its exposure to the asset class “certainly was a factor in our outperformance.” “Private equity has outperformed both international and domestic listed equities by between 50-100 basis points over the long term,” he explained.