UniSuper enters PE partnership with MAM

UniSuper has entered into a strategic private equity partnership with Macquarie Asset Management (MAM) via a US$500 million anchor commitment.

The big universities-focused superannuation fund said this included US$250 million in co-investments in the strategy’s first two investments, DynaGrid and Potters Industries.

The announcement said the specialist MAM private equity strategy targets infrastructure adjacent businesses primarily in the US, Europe and other OECD markets focusing on high quality, stable businesses that provide services, products and technologies to infrastructure end markets.

DynaGrid is one of the US’s largest utility service providers focused on maintaining, upgrading and building critical transmission and substation infrastructure in Texas, Southeast and Midwest US. The investment in DynaGrid closed in June 2025.

Potters Industries is one of the leading global manufacturers of reflective glass beads and microspheres critical for road infrastructure and performance materials. The investment in Potters was signed in early November 2025 and is expected to close by the end of the year.

UniSuper will take about a 30% equity interests in both DynaGrid and Potters Industries alongside MAM with board representation and governance rights.

The fund said the partnership aligns with UniSuper’s strategy of developing smart and aligned partnerships with select top tier global managers, often co-investing alongside them.