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.
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.
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Pioneer, an Auckland based firm, will use the money to invest in New Zealand businesses seeking international growth in high-margin sectors.
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