VicSuper will tackle property in the next stage of its strategic investment review.
Chief investment officer Oscar Fabian said it would bring all the fund's real assets including timberland, property and infrastructure under the one banner to manage as a single group.
He said VicSuper was deciding if it should foray into listed property and rethinking approaches to local and global property as part of the review, which positions its investment strategy as core/satellite in partnership with its investment consultant Frontier.
The need had arisen as many of the fund's property trusts wound down, Fabian said.
VicSuper will look to review its infrastructure allocations next before setting its sights on private equity and conducting a cost-benefit analysis on the viability of launching sector-only funds, following the launch of its ASX option.
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With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
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