NZ Super Fund Invests in Pioneer Capital Partners IV
Posted on 02/03/2021
The NZ Super Fund is committing NZD 100 million to a new investment fund managed by Auckland-based Pioneer Capital. The fund, Pioneer’s fourth, will invest in New Zealand companies that are seeking international growth in high margin sectors.
Domestically, the NZ Super Fund has been investing in this sector since 2005, with previous investments generally delivering strong net returns above its passive Reference Portfolio benchmark.
According to the press release, “The NZ Super Fund will be a cornerstone investor in Pioneer Capital Partners IV. The total fund size is expected to be in line with that of the NZD 260 million Pioneer Capital Partners III fund, and invested across 6 to 8 individual companies.
Super fund invests $100m with Pioneer Capital
3 Feb, 2021 04:23 AM
2 minutes to read
Apple grower Rockit Global has benefited from investment from Pioneer Capital. Photo / Warren Buckland
Fast-growing Kiwi businesses with plans to expand internationally are set to benefit from another investment allocation from the New Zealand Superannuation Fund.
The $53 billion fund, which was set up to help cover the future cost of paying for New Zealand Superannuation, has allocated up to $100 million to investment manager Pioneer Capital.
Read More
Pioneer, an Auckland based firm, will use the money to invest in New Zealand businesses seeking international growth in high-margin sectors.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Fidelity Life Assurance Company Limited
January 21, 2021 GMT
SINGAPORE (BUSINESS WIRE) Jan 21, 2021
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Fidelity Life Assurance Company Limited (Fidelity Life) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Fidelity Life’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Investments – Guardians publishes white paper on the 2020 Reference Portfolio Review livenews.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livenews.co.nz Daily Mail and Mail on Sunday newspapers.
More Sovereign Wealth Fund SPAC Action, as GIC Sees Promise in View Inc
Posted on 01/11/2021
SPACs are giving life to profitless unicorns in the renewable sector, whether in electric vehicles or building supplies. Blank check company CF Finance Acquisition Corp. II (Nasdaq: CFII) (“CF II”) and Milpitas-based View, Inc. announced GIC Private Limited, Singapore’s sovereign wealth fund, has agreed to invest an additional US$ 200 million in the previously announced private investment in public equity (PIPE) issuance. The additional investment from GIC increases the fully committed PIPE investment from US$ 300 million to US$ 500 million.
On November 30, 2020, CF II, a special purpose acquisition company sponsored by Cantor Fitzgerald, and View, Inc., a Silicon Valley-based smart window company, entered into a definitive merger agreement. The transaction is now expected to deliver up to US$ 1 billion of gross proceeds including the contribution of US$ 500 million of cash held in C