PacSuper, Papua New Guinea’s oldest private-sector superannuation fund, is pleased to announce it has extended its partnership with Perpetual Investment Management Limited to support the ongoing evolution of the Fund’s investment strategy, effective 1 October 2025.
The decision follows a comprehensive review of PacSuper’s Strategic Asset Allocation (SAA), with a focus on ensuring members' best interests remain at the heart of the Fund’s long-term investment approach. As part of this review, the Board has endorsed the extension of Perpetual’s existing mandate, previously limited to the management of the Australian Dollar (AUD) sub-fund, to now include a broader range of managers and enhanced exposure to growth assets.
“This outcome reflects the Board’s commitment to undertaking a rigorous review process to strengthen the Fund’s long-term investment positioning,” said Jason McIlvena, Chairman of PacSuper. “We are very satisfied with the outcomes of the review, which we believe further enhances our ability to deliver strong, sustainable returns for our members."
Perpetual was originally appointed to manage PacSuper’s Australian Dollar Sub Fund in 2020 and has demonstrated strong performance and alignment with PacSuper’s investment philosophy. Building on this successful relationship, Perpetual was selected to take on an expanded multi asset mandate, to be managed by Perpetual’s Multi Asset team, recognising their deep investment expertise, disciplined risk management frameworks, breadth and depth of global management capability, and strong cultural alignment with PacSuper’s member-first values.
Importantly, BSP Capital continues as the Fund’s Listed Investment Manager (LIM), reflecting the Fund’s diversified, multi-manager approach.
“This is about strengthening PacSuper’s investment platform for the future,” McIlvena added. “We are raising the bar for governance, transparency, and member advocacy within the local superannuation sector, ensuring every decision made is firmly anchored in delivering the best outcomes for our members.”
Perpetual Investment Management Limited, part of the ASX-listed Perpetual Group (ASX: PPT), manages AUD$22.5 billion[1] across equities, fixed income, multi-asset, and ESG-aligned strategies.
“We are excited to continue supporting PacSuper in this next chapter,” said Peter Lambos, Head of Institutional Business at Perpetual Asset Management Australia. “This bespoke multi asset solution managed by Michael O’Dea, Head of Multi Asset at Perpetual, and the award winning Multi Asset team, underscores our commitment to delivering investment excellence that aligns with international best practice and creates lasting value for their members.”
The expanded arrangements have been implemented seamlessly. There will be no changes to Members’ contributions, benefits, or account features.
[1] As at 30 September 2025
