Who runs NZ?
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The Provincial Growth Fund
The Provincial Growth Fund
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- Provincial Growth Fund Limited is an asset holding company for investments made through the Provincial Growth Fund.
- Has no operational role in the day-to-day management and administration of PGF investments, which have been outsourced to the Provincial Development Unit.
- To act as an asset holding company to hold loan and equity investments made through the PGF, and enter into a management agreement with the Provincial Development Unit (PDU), which is part of MBIE, supervise and monitor the performance of MBIE’s obligations, and operate commercially.
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