NZ Super Fund allocates $40M for high-potential firms through Pioneer Capital

Mon, 01 Jul 2013

July 1 (BusinessDesk) – The New Zealand Superannuation Fund, which invests to fund the country’s universal state pension, will place $40 million in a new $150 million venture capital fund to finance fast-growing small to medium-sized businesses with global potential. The funds will be placed with Auckland-based Pioneer Capital, which already holds stakes in recently listed software company SLI Systems, boutique brewer Moa beer, and health system software developer Orion Health. This is Pioneer Capital’s second fund, to be known as PCPII, whic...

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