NZ Super Fund throws $140m at the wall

The NZ Super Fund has committed US$100 million (NZ$141.8m) to a venture capital fund, Fifth Wall, that invests in technology that could reduce carbon emissions in the global real estate industry.Del Hart, head of external investments, said Thursday that real estate was one of the largest asset classes in the world and consumed around 40% of the world’s energy.The sector was responsible for 40% of all carbon emissions in the United States, despite contributing just 13% of the nation’s gross domestic product."In addition to deliv...