By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) - The next 18 months is an ideal time for unlisted asset deals, said the head of one of Australia's ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSYDNEY - The next 18 months is an ideal time for unlisted asset deals, said the head of one of Australia's largest pension funds, as meaty returns for once-low yielding investments like bonds or cash force private dealmakers to offer buyers better terms.
But when UniSuper can get a return of almost 7% from relatively safe subordinated major Australian bank debt, groups pitching for investment are now forced to offer buyers better prices, lower fees and more governance rights, he said. "If you're got cash to deploy in debt markets or private equity, you should be able to do some smart deals."
The fund, set up in 1982 for university workers, will focus its direct equity investments in Australia but is in talks to team up with a partner for overseas private debt deals, said Pearce.Australia's A$2.4 trillion pension sector is outgrowing its home and many of the largest funds are adding staff in London or New York to get closer to overseas dealmakers and the funds' growing portfolio of direct investments in Europe or North America.
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