News & Analysis

In brief: Australian superfund Rest continues impact push with Cibus commitment

The superfund has now made three impact investments and plans to achieve a one percent allocation to impact by 2026.

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Retail Employees Superannuation Trust (Rest), an Australian superfund with more than A$75 billion (€45 billion; $49 billion) in assets, has made a commitment to Cibus Fund II, according to a statement.

Cibus Capital launched its second flagship growth equity fund, which makes investments in sustainable food and agriculture, in 2021. It has a $600 million target and has also received a $75 million commitment from Los Angeles County Employees’ Retirement Association. Cibus declined to comment on fundraising.

Rest is seeking to reach an impact allocation of one percent across all asset classes by 2026, per its annual report. Cibus is the third impact GP to receive a commitment, after Australian manager Palisade Impact and European healthcare investor ArchiMed.