KiwiSaver provider predicts more investment in private companies
9 May, 2021 12:00 AM
3 minutes to read
Apple grower Rockit Global has benefit from previous investments from Pioneer Capital. Photo / Supplied
More KiwiSaver funds are likely to invest into private companies in the future as fewer companies list on public markets, an investment expert says. Simon O Grady, chief investment officer at Kiwi Wealth, has just committed up to $50 million of its KiwiSaver money to a fund run by Pioneer Capital - a private equity company which specialises in investing in Kiwi export businesses.
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The investment is the second private equity investment Kiwi Wealth has made. Last year it committed $54m to venture capital investors Movac to invest in technology companies.
CIO expects PE investment could grow to about 5% of portfolio.
A KiwiSaver provider is eyeing further investment in private equity firms after committing $50 million to Pioneer Capital, as fund managers look for new ways to put an incoming wave
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CIO expects PE investment could grow to about 5% of portfolio.
A KiwiSaver provider is eyeing further investment in private equity firms after committing $50 million to Pioneer Capital, as fund managers look for new ways to put an incoming wave of money to work.
The Kiwi Wealth KiwiSaver scheme said today it was investing the money in Pioneer Capital’s latest $300m fund, called Pioneer Capital Partners IV, joining the NZ Super Fund and Ngāi Tahu Holdings as cornerstone investors after they committed $100m and $30m respectively.
Pioneer was founded in 2005 and has invested in 23 New Zealand businesses that focus on high-value exports. Those companies have aggregate annual revenue
Press release content from Business Wire. The AP news staff was not involved in its creation.
KKR Acquires Natural Pet Food Group
May 2, 2021 GMT
CHRISTCHURCH, New Zealand (BUSINESS WIRE) May 2, 2021
Natural Pet Food Group (the “Company”), a New Zealand-based premium pet food company, and KKR, a leading global investment firm, today announced the completion of KKR’s acquisition of Natural Pet Food Group. The investment will be used to support the Company’s international growth and advance its mission to supply safe, sustainably sourced high-meat pet food from New Zealand to more customers and their pets worldwide.
Neil Hinton, CEO of Natural Pet Food Group said, “My team is excited about the opportunities and connections that KKR can provide. Our business is about providing pet owners with the very best in natural, high-meat nutrition for the four-legged members of their families. KKR has an impeccable pedigree in our sector which will help us grow, develop new produc
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