Investment Strategy
Active Super (formerly Local Government Super) is an Australian superannuation fund managing approximately $15 billion on behalf of local government employees and community sector workers in New South Wales. The fund has been growing through organic growth and strategic initiatives, including a rebrand from Local Government Super to Active Super to reflect its broader membership base and active investment approach.
The investment strategy targets approximately 14% in alternatives across private equity, infrastructure, and real estate. Active Super has been building its private markets capabilities as the fund scales. Infrastructure investments are particularly relevant given the fund’s local government heritage and the connection to Australian infrastructure development. Private equity exposure spans global and Australian managers.
Active Super has been a leader in responsible investing, with particularly strong climate-related investment policies. The fund has adopted net-zero emissions targets and integrates sustainability considerations across its portfolio.
How to Approach
Active Super’s investment team operates from Sydney. GPs should approach the private markets team with strong track records and demonstrated ESG capabilities. The fund’s emphasis on responsible investing means GPs should be prepared to discuss climate strategy, carbon measurement, and ESG integration as substantive parts of the diligence process.
The team is accessible through the Australian superannuation industry network and attends major Australian investment conferences including Conexus Financial events and AVCAL conferences.
Frequently Asked Questions
How much does Active Super allocate to alternatives?
Active Super allocates approximately 14% of its portfolio to alternative investments including private equity, infrastructure, and real estate. The fund has been growing its alternatives program as it scales and seeks to deliver competitive returns for its local government sector members.
How can fund managers approach Active Super?
Active Super's investment team is based in Sydney. GPs should approach the private markets team directly. The fund uses both internal capabilities and external managers for its alternatives program. Active Super is accessible through the Australian superannuation industry network.
What is Active Super's investment philosophy?
Active Super has been a leader in responsible investing among Australian super funds, with a strong focus on climate-related investment policies. The fund has adopted ambitious climate targets and screens investments for environmental impact. GPs should be prepared to demonstrate strong ESG integration and climate risk management.
