Jul 21, 2026 – 8.00pmAustralianSuper will double its exposure to private credit to near $20 billion within four years and more than double it again in the long term, as the country’s largest retirement investment fund becomes increasingly bullish about the prospects of the high-growth but controversial market.The asset manager, which oversees some $410 billion in savings, said it was shifting increasingly towards private credit in response to the growing proportion of its members reaching retirement age. The fund’s head of fixed income, Katie Dean, said 5 per cent of its assets would ultimately be invested in private credit, up from just over 1 per cent this year.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles