First State Super to capture Asian VC opportunities

The A$64 billion Australian superannuation fund is paying more attention to VC investments in China and Southeast Asia.

First State Super aims to raise the allocation to Asia-focused venture capital investments, especially in China and Southeast Asia.

The super fund is looking to commit between $50 million to $75 million each to three managers over the coming two years, and it has already begun the selection process and the discussion with managers.

Currently, the super fund has A$64 billion under management and allocates approximately A$400 million to its venture capital strategies, comprising investments only in the US and Australia.

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