Fisher Funds will invest $1 billion of KiwiSaver cash as it chases juicy private equity returns

Fisher Funds will invest $1 billion of KiwiSaver cash as it chases juicy private equity returns
Fisher Funds has already put money behind solar generation company Lodestone Energy. (Image: Lodestone)
Rebecca Stevenson
Up to 10 New Zealand firms could get a direct multimillion-dollar investment from Fisher Funds as the fund manager chases juicy private equity returns. Fisher Funds will allocate more than $1 billion to its private equity strategy, which includes about $200m earmarked to take stakes in privately owned NZ companies. Four of its KiwiSaver funds will gain direct private equity investments, growth, balanced, aggressive and equity. Chief executive Simon Power said the direct private equity strategy would target high-potential companie...

More Markets

Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Consumer confidence ticks up in June
Retail

Consumer confidence ticks up in June

The ANZ-Roy Morgan Consumer Confidence index lifted 6 points to 98.8 in June.The future conditions index – made up of forward-looking questions – rose 8 points to 104.8, recovering last month’s fall. The current conditions index rose 3 points to 89.8.Perceptions of current person...

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Fonterra leads NZ sharemarket rise
Markets Market Close

Fonterra leads NZ sharemarket rise

The NZX 50 grew by 0.15% to 12,480.05 as Fonterra performed well.

Tom Raynel 26 Jun 2025