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Hostplus merges with Statewide Super
Hostplus has merged with an Adelaide-based fund, resulting in the superannuation giant managing $82 billion in funds.
Lauren Croft
Firm: Holding Redlich (Hostplus)
Value: $11 billion.
Area: Finance
Key players: The Holding Redlich team was led by partner Luke Hooper.
Deal significance: The deal places Hostplus in the top five superannuation funds by membership and top 10 by funds under management – and will lead to a superannuation fund of approximately $82 billion.
Commenting on the deal, Mr Hooper said: “An incredible amount of work has gone into this merger, by multiple teams within each of Holding Redlich, Hostplus and Statewide. This has been an incredibly collaborative project, and a pleasure to work on. We thank our client, Hostplus, for its continuing support.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
