Alternatives

Funds SA taps Future Fund veteran to lead private equity, infrastructure investments

Cameron Sinclair will join Funds SA, the Adelaide-based super fund for public sector employees in South Australia, as director-growth alternatives, overseeing the ongoing development of the A$30 billion ($21.6 billion) fund's investments in private equity and infrastructure.

Mr. Sinclair will join Funds SA in February. He's replacing Clive Boyce, who retired in October, according to a Funds SA spokesman. Mr. Boyce couldn't be reached immediately for comment.

Mr. Sinclair comes to Funds SA from Australia's A$148.8 billion Future Fund, where he served as director-private equity.

A Future Fund spokesman confirmed that Mr. Sinclair had served as "a director" on the sovereign wealth fund's private equity team until his departure in December. "We do not have a replacement for him in that role as yet and are considering how we want to proceed," the spokesman said in an email.

Funds SA's annual report for its fiscal year through June 30 noted that the fund's strategy calls for a gradual shift toward unlisted assets, including property, private equity and infrastructure.

The Funds SA spokesman said private equity and infrastructure accounted for a portion of the roughly A$3 billion listed in the annual report under "diversified strategies growth."