Aussie Pension CBUS Stakes New Silvercrest Strategy with $1.3B in Seed Capital

American wealth management firm Silvercrest Asset Management Group announced that it has received an initial $1.3B in seed capital from the Australian Construction and Building Union Superannuation Fund (CBUS).

Silvercrest said the investment marks the formal launch of its Silvercrest Global Value Opportunity Equity Strategy, for which it had already recruited Rehan Chaudhri to serve as lead portfolio manager. The new strategy will seek “relative and deep value opportunities across global equity markets,” and Silvercrest said it is confident the fund will attract follow-on investments.

CBUS is a superannuation fund for construction and building workers in Australia, managing more than $94B in assets for over 920,000 members. Silvercrest is an RIA providing traditional and alternative investment advisory and family office services to wealthy families and institutional investors, with offices in seven US states and managing $35.1B in client assets.

Written By: Dakota

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Aussie Pension CBUS Stakes New Silvercrest Strategy with $1.3B in Seed Capital

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