This substantial growth indicates a strategic shift among super funds towards diversifying their portfolios by incorporating private market assets. Such assets typically include investments in private equity, infrastructure, and real estate, offering potential for higher returns compared to traditional public market investments.

For members of these superannuation funds, this trend could lead to enhanced returns on their retirement savings. However, it's important to note that private market investments often come with higher risks and less liquidity. Therefore, fund members should stay informed about how their funds are allocating assets and the potential implications for their individual investment strategies.

In summary, the move by Australian super funds to increase their exposure to private markets reflects a broader trend of seeking diversified investment opportunities. While this approach offers the potential for higher returns, it also necessitates careful consideration of the associated risks and the importance of maintaining a balanced investment portfolio.