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The New Zealand Super Fund, Pioneer Capital and Comprador Holdings have bought a 70 per cent stake in local fertility treatment provider Fertility Associat
KiwiSaver provider predicts more investment in private companies
9 May, 2021 12:00 AM
3 minutes to read
Apple grower Rockit Global has benefit from previous investments from Pioneer Capital. Photo / Supplied
More KiwiSaver funds are likely to invest into private companies in the future as fewer companies list on public markets, an investment expert says. Simon O Grady, chief investment officer at Kiwi Wealth, has just committed up to $50 million of its KiwiSaver money to a fund run by Pioneer Capital - a private equity company which specialises in investing in Kiwi export businesses.
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The investment is the second private equity investment Kiwi Wealth has made. Last year it committed $54m to venture capital investors Movac to invest in technology companies.