Capital Pool·Tuesday, March 17, 2026·5 min readInfrastructure

Australia's supers hunt US infra

Australia's superannuation funds are increasing their investments in US infrastructure and technology, particularly AI.

The newsletter highlights the growing interest of Australia's superannuation funds in US investments, particularly in the AI sector and infrastructure. With a significant amount of capital available for investment, these funds are looking to expand their presence in the US market, which is seen as a promising area for growth. The proposed asset recycling model aims to address the infrastructure deficit in the US by enabling partnerships that leverage Australian pension funds for local projects. However, challenges remain, particularly regarding local governments' willingness to engage in public-private partnerships.

Key Takeaways

  • Australian superannuation funds manage over $3 trillion and are seeking new investment opportunities in the US, particularly in AI and infrastructure.
  • These funds currently have $500 billion invested in the US, with expectations to increase this to $1.5 trillion by 2035.
  • The proposed 'asset recycling' model could facilitate partnerships between US local governments and Australian pension funds to fund infrastructure projects.
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