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

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025
SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
The firm bearing the brunt of public sector cutbacks
Markets Small Cap Wrap

The firm bearing the brunt of public sector cutbacks

Plus Being AI, takeover madness, and more.