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AusSuper: US-Asia returns gap ‘might start to narrow’

Reported by Privateequityinternational
Oct 12, 2026· 2 min read
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Key Takeaways
  • • Lilian Fang, head of APAC private equity at AusSuper, said at the Milken Institute Asia Summit 2026 that it can be advantageous to look at a geography 'when things are tough.'
  • • Fang suggested the gap between US and Asian private equity returns 'might start to narrow,' according to the headline of the Private Equity International report.
  • • The full article is paywalled, so specific return figures, fund sizes and allocation details could not be verified from the available source.
Summary
Lilian Fang, head of Asia-Pacific private equity at AusSuper, spoke at the Milken Institute Asia Summit 2026 on the relative performance of US and Asian private equity, according to Private Equity International. Her central remark was that it can be advantageous to look at a geography 'when things are tough,' a comment that frames Asia as a potentially attractive allocation during a period of weaker conditions in the region.

The headline of the report indicates Fang believes the return differential between US and Asian private equity 'might start to narrow.' The available text does not disclose the magnitude of the current gap, the time periods measured, or the specific strategies and deal types her remarks refer to.

For allocators, the comments are relevant to regional weighting decisions in private equity portfolios. Because the remainder of the article is behind a subscription paywall, further quantitative detail, such as return data or AusSuper's deployment plans in Asia, is not available from this source.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Privateequityinternational AusSuper: US-Asia returns gap ‘might start to narrow’