NZ Super Fund buys US$55 mln stake in US wind turbine designer Ogin

Wed, 27 Nov 2013

Nov. 27 (BusinessDesk) - The New Zealand Superannuation Fund has bought a US$55 million stake in unlisted US wind turbine maker Ogin Inc. The Super Fund investment will give Waltham, Massachusetts-based start-up Ogin capital to grow before going public. The fund’s investment grew out of its participation in the Innovation Alliance, a group of institutional investors seeking expansion capital opportunities around the world. “We look forward to working with Ogin as it further develops its products and markets, and as it redevelops existing w...

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