Australian Superannuation fund Rest has appointed Marina Pasika acting head of private markets, as the search for a permanent replacement is underway.
Pasika will be stepping into the role after Simon Esposito’s departure in October to join private equity firm CVC Capital Partners. Prior to her promotion, Marina served as head of growth alternatives. She joined the fund in 2020, serving as head of private equity for nearly three years.
Early in her career, she served as an analyst at Goldman Sachs & Partners in Australia for almost three years. She has also served as a manager for private equity at Future Fund for close to a decade.
Most recently, within its real estate portfolio, the super fund invested $250M as a part of a co-investment with Blue Owl Capital. The co-investment comprises a minority equity stake in STORE Capital’s operating business, according to a press release by the plan in September.
STORE Capital acquires commercial properties from business owners and then leases those properties back to the business owners under long-term ‘triple-net leases,’ commonly for durations of around 20 years.
Under a triple-net lease, the tenant is responsible for operating the business at the property subject to the lease, keeping the property and improvements in good order and repair, and paying the insurance, property taxes and other property-related expenses, disclosed the press release.
Established in 1988, Rest is one of Australia’s largest profit-to-member superannuation funds, with more than 2 million members and roughly A$100B in funds under management as at July 31, 2025.
