Aware Super hires private equity specialist

Alex Satchcroft has joined the asset owner's private equity team, reporting to Aware Super head of private equity, Jenny Newmarch.

As a portfolio manager, Alex will play a lead role in the evolution of the fund's private equity strategy, adding and building the capability to invest more strategically alongside its investment partners.

Satchcroft, has a tenured experience in PE and structured credit/ equity investing, having started his career with Boston Consulting Group in Australia and London, before moving to the PE side working at Apax in London.

From Apax, he moved to Macquarie's principal finance division working on credit and structured equity opportunities for the balance sheet, before joining the Australian team for New York-based distressed credit fund Anchorage Capital Group.

Newmarch said Aware Super was thrilled to have someone with Alex's broad private equity and market experience to help drive the fund's private equity strategy.

"We are projecting our fund to grow to manage $250 funds under management by 2026 with half of those investments to be managed internally. The private equity strategy is to invest strategically in and alongside a concentrated global portfolio of managers, taking more meaningful direct positions in the most attractive opportunities on a direct co-investment basis,' she said,

"Having attracted someone of Alex's calibre, with his broad experience across markets and the private equity spectrum, will further empower our ability to execute this strategy and generate the strongest possible risk-adjusted returns for our million-plus members."