Key Takeaways
- • Serge Allaire, head of private equity at Australian pension fund CBUS Super, is set to join external investment manager Roc Partners, according to people familiar with the matter, per Bloomberg.
- • CBUS manages more than A$115 billion (about $80.7 billion), and Allaire has led its private equity program since February 2021.
- • Before CBUS, Allaire spent eight years as a portfolio manager at MLC Private Equity.
Summary
Serge Allaire, the head of private equity at CBUS Super, one of Australia's largest pension funds, is set to join Roc Partners, one of CBUS's external investment managers, according to people familiar with the matter, as reported by Bloomberg on October 26, 2026. The report was updated later that evening. The sources did not provide further detail on the timing or terms of the move in the available reporting.
CBUS manages more than A$115 billion ($80.7 billion). Allaire has held the private equity leadership role at the fund since February 2021. Prior to joining CBUS, he worked for eight years as a portfolio manager at MLC Private Equity.
The move highlights the flow of senior private equity talent between institutional asset owners and the external managers they hire, a dynamic of interest to allocators monitoring how pension programs staff and oversee their private markets exposure.
CBUS manages more than A$115 billion ($80.7 billion). Allaire has held the private equity leadership role at the fund since February 2021. Prior to joining CBUS, he worked for eight years as a portfolio manager at MLC Private Equity.
The move highlights the flow of senior private equity talent between institutional asset owners and the external managers they hire, a dynamic of interest to allocators monitoring how pension programs staff and oversee their private markets exposure.
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