Hostplus

Hostplus is a prominent Australian industry superannuation fund, primarily serving over 1.3 million members across the hospitality, tourism, recreation, and sport industries. As one of Australia's largest super funds, it manages a substantial portfolio, with assets under management exceeding AUD $90 billion as of early 2024. Its investment strategy is notably characterized by a significant allocation to unlisted assets, including private equity, infrastructure, and property, reflecting a long-term investment horizon aimed at delivering strong returns for its members.

Hostplus plays a crucial role in the Australian venture capital ecosystem, primarily as a cornerstone Limited Partner (LP) in many leading domestic and international venture capital funds. This strategic approach allows the fund to gain diversified exposure to innovative growth companies while leveraging the expertise of specialized fund managers. Their commitments to these funds are substantial, providing critical capital that underpins the growth of the startup and technology sectors.

For instance, Hostplus committed AUD $100 million to Blackbird Ventures' Fund V in 2021, demonstrating its deep commitment to supporting the Australian venture landscape. While its primary mode of venture investment is through fund commitments, Hostplus also participates in direct co-investments alongside its fund managers. These direct investments are typically focused on larger, later-stage growth equity rounds rather than leading early-stage venture deals. This dual approach enables Hostplus to access high-growth opportunities and further diversify its portfolio, contributing significantly to the capital available for Australian innovation.