The Catholic Superannuation Retirement Fund (CSRF) has awarded $90 million to three investment managers.
Colonial First State, Banquo and Wellington Asset Management will each manage a $30 million credit mandate.
"Like many funds we have made specific investments in credit. We have done this because the returns are expected to be equity-like in the next couple of years," CSRF chief executive Greg Cantor said.
The fund also has plans to invest in private equity deals with a bias to secondary deals.
"There are perfectly good assets that some investors will need to offload due to their own liquidity problems," Cantor said.
"We are looking to engage managers with expertise in sourcing such deals."
