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...

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