Key Takeaways
- • Serge Allaire, head of private equity at Australian pension fund CBUS Super, is set to join Roc Partners, one of CBUS's external private equity managers, according to Bloomberg.
- • Allaire has led CBUS's private equity investments since February 2021 and previously spent eight years as a portfolio manager at MLC Private Equity.
- • CBUS manages more than AUD115bn in assets; Roc managed approximately AUD468m within CBUS's default balanced option as of 30 June 2026.
- • Roc was CBUS's largest external private equity manager in June 2025, when it oversaw AUD713m across the fund's investment options.
- • Allaire reportedly remains at CBUS and a successor has not been finalised.
Summary
Serge Allaire, head of private equity at Australian pension fund CBUS Super, is set to join Roc Partners, one of the fund's external investment managers, according to a report by Bloomberg. Allaire has led CBUS's private equity investments since February 2021, having previously spent eight years as a portfolio manager at MLC Private Equity. CBUS manages more than AUD115bn in assets, with Roc Partners among its private equity managers.
Roc managed approximately AUD468m within CBUS's default balanced investment option as of 30 June 2026. The firm oversaw AUD713m across the pension fund's investment options in June 2025, when it was CBUS's largest external private equity manager, indicating a material reduction in its allocation footprint over the period, though the reported figures are not directly comparable across the two dates and investment options.
Allaire reportedly remains at CBUS, and a successor has not been finalised. Roc Partners was established in 2014 following a management buyout of Macquarie Investment Management's private markets division and operates across Sydney, Melbourne and Hong Kong.
Roc managed approximately AUD468m within CBUS's default balanced investment option as of 30 June 2026. The firm oversaw AUD713m across the pension fund's investment options in June 2025, when it was CBUS's largest external private equity manager, indicating a material reduction in its allocation footprint over the period, though the reported figures are not directly comparable across the two dates and investment options.
Allaire reportedly remains at CBUS, and a successor has not been finalised. Roc Partners was established in 2014 following a management buyout of Macquarie Investment Management's private markets division and operates across Sydney, Melbourne and Hong Kong.
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