We use external investment managers to execute investment strategies on our behalf.

We employ a relatively small number of external managers. These managers have a detailed understanding of our investment strategy and seek the best investment opportunities around the globe to achieve the mandate for each of our funds.

Our investment manager selection process is designed to deliver a high quality initial selection decision, and to ensure that the portfolio construction does not lead to excessive concentration of manager risk in any one investment manager. We also undertake regular reviews of our managers.

A list of our investment managers as at 31 March 2018 below.




Australian Equities
  • Macquarie Investment Management
Developed market equities
  • Blackstone Alternative Asset Management
  • BlackRock Alternative Advisors
  • Man GLG
  • MFS Investment Management
  • State Street Global Advisors
Emerging market equities
  • Mondrian Investment Partners
  • Schroder Investment Management Australia
  • State Street Global Advisors
  • Trilogy Global Advisors

Private equity

Buy out
  • Advent International Corporation
  • American Industrial Partners
  • Apax Partners
  • Archer Capital
  • Bain Capital
  • Berkshire Partners
  • Charterhouse Capital Partners
  • GI Partners
  • Hellman & Friedman
  • Quadrant Private Equity
  • RCP Advisors
  • Seidler Equity Partners
  • Southern Cross Management
  • Vitruvian Investment Partners
Venture and growth
  • Adams Street Partners
  • Bessemer Venture Partners
  • CDH Investments
  • Columbia Capital
  • FountainVest Partners
  • Greenspring Associates
  • Hillhouse Capital
  • Horsley Bridge Partners
  • Insight Venture Partners
  • Lightspeed Venture Partners
  • New Enterprise Associates
  • Playground Global
  • Quilvest
  • Xiang He Capital
Special opportunities
  • Adams Street Partners
  • HarbourVest Partners
  • Oaktree Capital Management
  • TowerBrook Capital Partners


  • Altarea Cogedim
  • Berkshire Property Advisors
  • BlackRock
  • Brookfield Asset Management
  • Columbia Pacific Advisors
  • CorVal Partners
  • DEXUS Funds Management
  • Garrison Investment Group LP
  • Harbert Management Corporation
  • Hillwood Investment Properties
  • ICAMAP Advisory
  • Lend Lease Investment Management
  • Morgan Stanley Real Estate Investing
  • PEET Limited
  • The Townsend Group
  • TIAA-CREF/TIAA Henderson Real Estate
  • Vicinity Centres
  • CBRE Clarion Real Estate Securities

Infrastructure & Timberland

  • AMP Capital Investors
  • Campbell Global
  • Corsair Infrastructure Management
  • Global Infrastructure Partners
  • HRL Morrison & Co
  • Morgan Stanley Infrastructure
  • Oaktree Capital Management
  • Starwood Energy
  • QIC Global Infrastructure
  • Deutsche Asset & Wealth Management


High grade debt
  • Colonial First State Global Asset Management
  • Goldman Sachs Asset Management
  • M&G Investment Management Limited
  • Macquarie Investment Management
  • PIMCO Australia
High yield debt
  • Ares Management
  • Bain Capital Credit
  • BlackRock Investment Management
  • Glen Point Capital
  • Haymarket Financial
  • Lazard Asset Management
  • Oak Hill Advisors
  • Oaktree Capital Management
  • PAG Holdings Limited
  • Quadrant Real Estate Advisors
  • Westbourne Credit Management Limited
Distressed and event driven
  • Bain Capital Credit
  • Centerbridge Partners L.P
  • Oaktree Capital Management


Multi-strategy/relative value
  • Arrowgrass Capital Partners
  • BlackRock Alternative Advisors
  • Citadel Advisors
  • PAG Holdings Limited
  • Wellington Management
  • AHL Partners
  • BlackRock Alternative Advisors
  • Brevan Howard Asset Management
  • Bridgewater Associates
  • BT Investment Management
  • Citadel Advisors
  • Clocktower Group L.P.
  • Glen Point Capital
  • GMO Australia
  • Ionic Capital Management
  • Key Square Capital Management
  • QMS Capital Management
Alternative Risk Premia
  • Elementum Advisors
  • Hiscox Re Insurance Linked Strategies Ltd
  • Man FRM Investment Management
  • SouthPeak Investment Management
Overlay strategies
  • Ashmore Investment Management Limited
  • Insight Investment Management (Global)
  • Legal & General Investment Management Limited
  • Macquarie Investment Management
  • PIMCO Australia
  • State Street Global Advisors Limited
  • UBS Securities Australia Limited
  • Colonial First State Global Asset Management
  • Macquarie Investment Management
  • PIMCO Australia