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AustralianSuper
Pension fund · Founded 2006 · Melbourne, Australia
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.
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.

































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.
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.
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Australia12
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USA3
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India1
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UK1
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Energy8
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Enterprise Software3
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Fintech2
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Hosting2
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Travel2
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Health1
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Media1
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Security1
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Telecom1
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Series B+6
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Late Growth7
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Breakout Stage4
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Mature4
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Early Growth2
Inside AustralianSuper’s portfolio.
The 17 highest-funded portfolio companies, of 4 tracked.
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GeWhere 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.
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Australia6
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United States4
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Harvard Business School3
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Boston College1
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Columbia Business School1
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Dartmouth College1
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Monash University1
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Paris-Cité University1
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Tel Aviv University1
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University at Albany1
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University of Melbourne1
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University of New South Wales1
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McKinsey & Company2
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Alliance Data Systems1
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Battery Ventures1
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Bessemer Venture Partners1
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Boston Consulting Group1
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Bread Financial1
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Cancer Research Technology1
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Citibank1
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Claranet1
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Corporate Value Associates1
Other LPs.
Other pension funds in the Power Law LP ranking, closest to AustralianSuper by combined power-law score, with the assets each one manages and how many VC funds it backs.


