Industry fund REST has invested $300 million in a loan and credit fund.
REST has appointed Credit Suisse to manage a $150 million mandate. The money will be invested in the manager's Syndicated Loan Fund.
The superannuation fund has also invested $150 million with the Stone Tower Offshore Credit Fund.
The investments were funded through REST's existing cash flow.
"Consistent with REST's investment philosophy, this investment is being undertaken as part of a diversified portfolio of exposures to the credit markets within the growth alternatives sector," REST chief executive Damian Hill said.
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