NZ Super Fund invests US$65m in recycling tech firm, boosting exposure to high growth assets

Thu, 10 May 2018

By Sophie Boot May 11 (BusinessDesk) - The New Zealand Super Fund has invested US$65 million in Rubicon Global, an Atlanta-based waste and recycling technology company, to increase its exposure to small, fast-growing private companies. Acting chief investment officer Mark Fennell said Rubicon was "an attractive opportunity for the fund to increase its exposure to expansion capital", with the firm yet to run an initial public offering. Around 2 percent of the Super Fund is in expansion capital, including fuel cell manufacturer Bloom Energ...

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