MLC MasterKey Business Super has won the right to provide corporate superannuation services to two Western Australian mining companies.
The two new mandates with drilling contractor Swick Mining Services and iron ore producer Atlas are worth over $10 million in combined funds under management.
MLC MasterKey Business Super general manager Michael Muholland said the combined resources of MLC and NAB Wealth meant the fund could put together "competitive deals that are catered to each company's needs and wants".
He added that MLC MasterKey offered insurance benefits, financial education, a rewards program and a medical service for members under 65 who hold income protection insurance.
"MLC MasterKey Business Super is the superannuation plan for employers who view their corporate super plan as more than just a compliance exercise, but instead as a real benefit for their employees," Mulholland said.
Australia’s impact investing market has surged nearly eight-fold in just five years, climbing from $20 billion in value in 2020 to more than $157 billion, with much of the growth driven by green, social and sustainability (GSS) bonds.
The firm has forecast stronger global growth and higher inflation in 2026, signalling that central banks may be nearing the end of their easing cycles.
Despite ASIC’s scathing review of private credit funds, including concerns around valuation inconsistencies and mixed liquidity practices, the asset class grew 9 per cent in the last 12 months.
The fund has joined forces with Macquarie Asset Management in a USD500 million deal targeting infrastructure-linked businesses across global markets.