New Zealand Superannuation Fund Invests in Company That Uses Gas-Eating Microbes

Increasingly, sovereign wealth funds are partaking in growth and expansion investments. The New Zealand Superannuation Fund (NZSF) has invested US$ 60 million in equity in Skokie-based LanzaTech, a gas fermentation company. The company was founded in New Zealand in 2005 with just one employee. The company migrated its headquarters to the United States. LanzaTech converts waste gas from steel mills into ethanol and other fuels and chemicals. LanzaTech’s first commercial plant is set to operate in 2016. The firm is protected by 100 granted patents. LanzaTech touts investors such as Khosla Ventures (the largest shareholder), Sir Stephen Tindall’s K1W1 fund, Qiming Venture Partners, Malaysian Life Sciences Capital Fund, Petronas, Mitsui, Siemens and China International Capital Corporation.

“LanzaTech is one of the most exciting companies New Zealand has produced, with significant global potential,” said Nigel Gormly, NZ Super Fund Head of International Direct Investment in a press release. “We’re proud to continue the New Zealand connection and to be able to assist in LanzaTech’s ongoing growth.”

NZSF has invested in a slew of expansion type of investments which include Ogin Inc. and Bloom Energy.


Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute
 
institutional investor investment mandates