Schroders Capital, the private markets investment division of Schroders, has been awarded its first Australian private-debt mandate from a large industry superannuation fund. The A$250 million ($178 million) mandate will cover corporate, real estate and infrastructure debt, and it is targeting a return of 4.5 percent return over its benchmark, the Bloomberg AUSBOND Bank Bill index.
Schroders Capital has A$103 billion ($73 billion) of assets under management in private assets, including A$7.7 billion ($5.5 billion) in infrastructure, A$38.4 billion ($27.36 billion) in real estate, and A$25.4 billion ($18.1 billion) in private debt and securitized credit.
Nicole Kidd, head of private debt, Australia, said, “The Australian private debt market although still nascent, is emerging as a strong and attractive region for private debt investors, in a global asset class that is forecast to grow to over $1.4 trillion by 2025. Schroders — with its long track record of growth an
