NZ Super Fund to invest up to $260M in local SMEs

Sun, 18 Dec 2016

By Paul McBeth Dec. 19 (BusinessDesk) - The New Zealand Superannuation Fund will invest as much as $260 million over the coming decade in small-scale local enterprises through three new mandates with Kiwi private equity firms. NZ Super will invest up to $90 million in Direct Capital's V fund, up to $120 million in Pioneer Capital's III fund, and up to $50 million in Movac's IV fund over the next five to 10 years, it said in a statement. Each fund is expected to invest in eight to 15 separate companies. "New Zealand continues to provi...

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