KiwiSaver Generate commits another US$25m to private assets

HEAL Partners' Martin Robinson and Generate KiwiSaver co-founder Sam Goldwater (Image: Supplied)

Thu, 10 Oct 2024

KiwiSaver provider Generate is investing US$25 million (NZ$40.8m) into an international fund targeting profitable, high-growth US, Canada, Australia, New Zealand and Singapore businesses.The HEAL Partners Fund II has A$200m (NZ$219.9m) committed and is ultimately targeting more than A$400m by the time it closes in mid-2025.The 12-year-old Generate already has some $120m in private market investment commitments, including two $20m exposures to two NZ venture capital funds, Movac and The Icehouse Ventures, respectively, and another US$25m with a...

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