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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.

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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.

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