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AustralianSuper

Pension fund · Founded 2006 · Melbourne, Australia

#48 LP Ranking #22 of 1,316 pension funds

Australia's largest superannuation fund

108 VC firms backed
$310B AUM
~$9.3B Allocated to VC (est. 3%)
01 · Background

Who AustralianSuper is.

Historical Background
AustralianSuper was formed on 1 July 2006 through the merger of the Australian Retirement Fund (ARF) and the Superannuation Trust of Australia (STA). The fund has pursued a long-term strategy of increasing its scale, operating on the belief that greater size provides beneficial economies of scale for its members.
Source of Capital
As an industry superannuation fund, AustralianSuper's capital is sourced from the retirement savings of its more than 3.5 million members. It is a "profit-for-member" fund, meaning that profits are reinvested for the benefit of the members rather than being distributed to shareholders.
Major Events
The fund has expanded through several mergers, including with Club Plus Super in December 2021 and LUCRF Super in June 2022.
Allocation Strategy
AustralianSuper invests across a wide array of asset classes, including infrastructure, private equity, property, and both Australian and international equities. The fund has a stated objective to increase its direct investments in private markets, with a particular focus on opportunities in North America and Europe. By 2030, the fund aims to have half of its assets managed by its in-house investment teams, with a significant portion of its portfolio held in international markets.
02 · Fund commitments

The funds AustralianSuper backs.

AustralianSuper is a limited partner in 108 funds. 24 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Accel
United States
#4 Power Law
New Enterprise Associates
United States
#8 Power Law
General Catalyst
United States
#13 Power Law
Felicis
United States
#22 Power Law
Founder Collective
United States
#24 Power Law
IDG Capital
China
#27 Power Law
Redpoint
United States
#42 Power Law
CRV
United States
#49 Power Law
Venrock
United States
#56 Power Law
OrbiMed
United States
#98 Power Law
Floodgate
United States
#109 Power Law
Threshold Ventures
United States
#115 Power Law
03 · Allocation

How AustralianSuper’s fund book is spread.

The 108 funds AustralianSuper backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters, across the 107 of 108 with a location on record.

  • North America 5854%
  • Rest of world 3936%
  • Europe 109%

United States 58 · Australia 29 · United Kingdom 7 · China 3

How established those managers are

Managers grouped by how many funds they have raised — across the 64 of 108 with a fund history on record.

Emerging funds · 29
Established funds · 35
18 1
9 2
2 3
7 4
5 5-6
13 7-9
4 10-14
6 15+
Funds raised by the manager
05 · Direct investments

The companies AustralianSuper backs directly.

AustralianSuper holds 17 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Australia12
  2. USA3
  3. India1
  4. UK1
By sectorCount
  1. Energy8
  2. Enterprise Software3
  3. Fintech2
  4. Hosting2
  5. Travel2
  6. Health1
  7. Media1
  8. Security1
  9. Telecom1
By stage enteredCount
  1. Series B+6
By growth stageCount
  1. Late Growth7
  2. Breakout Stage4
  3. Mature4
  4. Early Growth2
06 · Portfolio market map

Inside AustralianSuper’s portfolio.

The 17 highest-funded portfolio companies, of 4 tracked.

Vantage Data Centers
Hosting · Decacorn
$15B
DataBank
Security
$13M
SafetyCulture
Enterprise Software · Unicorn
$1.6B
Athena Home Loans
Fintech
$202M
Syrah Resources
Energy
$356M
SiteMinder
Travel
$686M
Ena Respiratory
Health
$88M
Qantas
Travel · Decacorn
$14B
Jervois Mining
Energy
$189M
29Metals
Energy
Indara
Australia
JSW Steel
Energy · Decacorn
$45B
Pilbara Minerals
Energy
Whitehaven Coal
Energy
AMA Group Limited
Energy
Peel Ports
Media
Generate Capital
Fintech
07 · Portfolio founders

Where AustralianSuper’s portfolio founders come from.

12 founders across the 17 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. Australia6
  2. United States4
UniversityCount
  1. Harvard Business School3
  2. Boston College1
  3. Columbia Business School1
  4. Dartmouth College1
  5. Monash University1
  6. Paris-Cité University1
  7. Tel Aviv University1
  8. University at Albany1
  9. University of Melbourne1
  10. University of New South Wales1
Previous companyCount
  1. McKinsey & Company2
  2. Alliance Data Systems1
  3. Battery Ventures1
  4. Bessemer Venture Partners1
  5. Boston Consulting Group1
  6. Bread Financial1
  7. Cancer Research Technology1
  8. Citibank1
  9. Claranet1
  10. Corporate Value Associates1