Mercer KiwiSaver funds dip into private debt investing

Mercer KiwiSaver funds dip into private debt investing
Mercer NZ chief investment officer Padraig Brown. (Image: Mercer)
Greg Hurrell
Most of Mercer New Zealand’s KiwiSaver customers are now investment pioneers, with a small part of their portfolio allocated to private debt.Mercer NZ’s chief investment officer, Padraig Brown, has championed KiwiSaver investing in private companies, arguing that providers need more options to generate returns as the scheme's total assets grow. Now, private debt is being added to the mix. Brown said this sector was growing at least partly in response to the banking retreat.Brown said private debt investment was through...

More Markets

Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025
Transpower cautious over hydro lake level rule changes
Markets

Transpower cautious over hydro lake level rule changes

Transpower can authorise hydro lakes to dip further.

Ian Llewellyn 23 Apr 2025