NZ Super Fund trims portfolio, sells 5 offshore private equity funds

Tue, 10 May 2016

By Jonathan Underhill May 10 (BusinessDesk) - The New Zealand Superannuation Fund is selling investments in five offshore private equity real estate funds, adding to three such funds it sold in April. The latest sale is of Orion European Real Estate Fund III, Mountgrange Real Estate Opportunity Fund, MoREOF (Parallel I) Unit Trust, Red Fort India Real Estate Fund II and Gateway Capital Real Estate Fund III. The buyer is Partners Group AG , a Swiss private markets investment manager with some 46 billion euros of assets under management. Th...

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