What's in my super?

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Super funds and private credit

How much of each fund's whole headline (default) option is in private credit, at 30 June 2026, from the named holdings in its disclosure.

What counts: Loans to companies and property developers made by private lenders rather than banks or bond markets, held through named private credit managers and funds, or reported by the fund as private debt. Ordinary bonds, bank deposits and mortgage-backed securities are not counted. Many funds hold private credit inside pooled funds they do not itemise, so treat these figures as a floor.

Exposure by fund

MLC
4.2% ($1.7bn)
Russell Investments
4.1% ($230.2m)
CareSuper
2.4% ($1.2bn)
Aware Super
1.5% ($1.7bn)
Rest
1.2% ($1.1bn)
Cbus
1.1% ($961.4m)
Mercer
1.1% ($93.9m)
AustralianSuper
0.91% ($2.5bn)
Equip
0.62% ($103.1m)
Australian Ethical
0.37% ($20.3m)
Hostplus
0.30% ($289.7m)
AMP
0.19% ($16.5m)
ART
0.12% ($37.4m)
UniSuper
0.09% ($57.9m)
Prime Super
0.06% ($4.0m)
Brighter Super
0.05% ($8.5m)
HESTA
under 0.01% ($1.4m)

Share of each fund's whole option by value.

Named managers and funds

HoldingHeld by superFunds
Private debt (reported as one line)$3.5bn2
Metrics Credit Partners$3.1bn6
Bain Capital Credit$2.4bn5
Loans held directly (named, not valued one by one)$463.6m1
Willow Tree Credit Parters$289.7m1
Jefferies Credit Partners$60.8m1
Harbourvest Direct Lending Associates$48.3m1
Westbourne Credit Management$36.9m5
Pemberton$27.3m1
Infradebt$20.3m1
Bridgepoint Credit$19.9m1
Blackstone Private Credit Strategies$14.6m1
Blue Owl Credit Income$11.0m3
AMP Capital Infrastructure Debt Fund IV (Usd)$10.0m1
AMP Capital Infrastructure Debt Fund III (Usd)$6.5m1
Romark Credit Fund$6.1m1
Sixth Street Specialty Lending$1.4m2
Golub Capital Private Credit Fund$1.2m1
Goldman Sachs Private Credit$849k1
Golub Capital BDC$616k2
Golub Capital Partne$98k1
Morgan Stanley Direct Lending Fund$47k1

Some funds report private credit as one category line ("Private debt") rather than by manager.

Super funds that don't invest in private credit

No holdings identified in the disclosure: ADF Super, BUSSQ, Colonial First State FirstChoice, Commonwealth Superannuation Corporation (PSSap), First Super, legalsuper, NGS Super, Vanguard Super, Vision Super.

Headline (default) option only; other options and pooled funds can differ.

How the list is built

Holdings whose name or manager matches: private (debt|credit), direct lending, metrics credit, bain capital credit, willow tree credit, blackstone private credit, blue owl credit, apollo debt solutions, westbourne credit, bridgepoint credit, jefferies credit partners, infradebt, infrastructure debt fund, romark credit, pemberton, hps (mezzanine|corporate|specialty), ares (senior|private|european) (direct|credit|loan), kkr (private credit|credit opportunities), sixth street (specialty|lending), oaktree (strategic|specialty) (credit|lending), churchill middle market, golub capital, ma (financial|priority|credit), qualitas (real estate|senior|private), pacific equity partners secure.