Market Overview
2nd Largest Private Pension Fund Market in the World by 2031
Why Now? Australia & New Zealand
The opportunity exists where investor constraints and manager incentives intersect.
Investor reality
Significant asset growth with domestic opportunities saturated
Scale has outpaced the capacity of local markets to absorb capital efficiently.
Passive investment returns are unlikely to be replicated
Investors face diminishing marginal returns from traditional beta exposure.
Sophisticated investors understand alternatives but remain underweight by global standards
Awareness exists, but structural and access constraints limit implementation.
Manager reality
Managers seek geographical diversification across clients and assets
ANZ capital provides stability and diversification within global portfolios.
Institutional allocations are large and Australian capital is sticky, favouring long-term partners
Success is measured in depth of relationship, not speed of entry.
On-the-ground engagement delivers sustained competitive advantage
Local presence determines credibility, trust, and long-term access.
Two markets. Different structures. One capital reality.
Australia Snapshot
$4.3 trillion | Total Funds under management today
$3.3 trillion | Total superannuation funds
$868.7 billion | SMSF (Self Managed Super Funds)
$638 billion | Retail superannuation
$1.07 trillion | Institutional superannuation
$166 billion | Charitable trusts
New Zealand Snapshot
$NZ243.1 billion | Total Funds under management
$NZ112.9 billion | NZSF, ACC, GSF/NPF
$NZ51.8 billion | Retail unit trusts
$NZ87.3 billion | Kiwi Saver
$NZ16.6 billion | Cash Management Trust
$NZ15 billion | Corporate Pensions
$NZ80.2 billion | Charities