Aware Super confirms $59m in commitment

The Australian based public pension has backed venture capital fund.

Institution: Aware Super
Headquarters: Sydney, Australia
AUM: A$120 billion
Allocation to alternatives: 26%

Aware Super has confirmed an A$80 million ($59.6 million; €49.1 million) commitment to Adamantem Capital Fund II, which is managed by Adamantem Capital.

The A$120 billion Australia-based public pension currently has a 26 percent allocation to private equity.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on venture capital in Asia-Pacific.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments