Retail Employees Superannuation Trust, Sydney, committed A$150 million (US$96 million) to Credit Suisses Syndicated Loan Fund and added A$50 million to Stone Towers Offshore Credit Fund, raising its total investment in the fund to A$200 million.
Both investments are part of the A$13 billion plans new growth alternatives subasset class, which aims to provide equitylike returns for members.
"These two mandates are the first two awarded in a growth alternatives subasset class that we've added to our growth assets," said Damian Hill, chief executive officer of the fund.
Funding came from cash.
This story was first reported in Investment & Technology newspaper.