Aware Super Names New Private Equity Leader
Aware Super has appointed Alex Satchcroft as head of private equity as part of a broader reshuffle of its investment team under Chief Investment Officer Simon Warner, according to Private Equity Wire. Satchcroft will oversee the fund’s AUD11bn global private equity portfolio and report to Jenny Newmarch, head of private markets, who previously led the private equity function.
Satchcroft’s Background and Role
Satchcroft joined Aware Super in 2023 after holding roles at Apax Partners in London and Macquarie Group. In his new position, he will manage the private equity assets within the Australian pension fund, which manages approximately AUD235bn in total assets. This appointment aligns with the ongoing changes in the investment team structure led by Warner.
Wider Reorganisation Efforts
The appointment of Satchcroft forms part of a wider reorganisation led by Simon Warner, who assumed the Chief Investment Officer role in October following the departure of Damian Graham to Challenger. Earlier this year, Aware Super established a new liquidity and markets division, reflecting broader adjustments in its investment strategy. Across Australia’s pension system, which totals AUD4.5tn, around 20% of assets are allocated to unlisted strategies such as private equity, private credit, and infrastructure, according to Private Equity Wire.
Context on Aware Super’s Operations
Aware Super’s private equity activities include managing a global portfolio, and the recent leadership change occurs within a large pension fund context. For instance, the fund’s allocation to unlisted assets highlights the scale of private markets in Australia’s retirement savings landscape, as reported by Private Equity Wire.
