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
Choose your best value subscription option here.
Already have an account? Login Related news
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
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.
streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW
Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi