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MLC Investment seeks 10-15 PE funds

The Australian superannuation fund continues to pursue more PE investments.

MLC Investment Management said it plans to invest in 10 to 15 private equity funds in the next 12 months, totalling around A$400 million to $500 million of commitment.

It also considers co-investment opportunities and welcomes partnerships with first-time managers.

MLC allocates approximately 5 percent of its $A100 billion assets to private equity investments.

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