Industry super's new model for private equity just starting

The country's largest industry fund will appoint one director to the board of  Navitas, after closing the $2.3 billion buyout of the education provider.

The deal marks a new front for AustralianSuper and local industry super: the first time a fund has partnered with a traditional private equity fund  and acted as part of the consortium in a large transaction, rather than a more passive player.