NZ Super Fund Invests in Pioneer Capital Partners IV

Posted on 02/03/2021

The NZ Super Fund is committing NZD 100 million to a new investment fund managed by Auckland-based Pioneer Capital. The fund, Pioneer’s fourth, will invest in New Zealand companies that are seeking international growth in high margin sectors.

Domestically, the NZ Super Fund has been investing in this sector since 2005, with previous investments generally delivering strong net returns above its passive Reference Portfolio benchmark.

According to the press release, “The NZ Super Fund will be a cornerstone investor in Pioneer Capital Partners IV. The total fund size is expected to be in line with that of the NZD 260 million Pioneer Capital Partners III fund, and invested across 6 to 8 individual companies.

Pioneer Capital Managing Director Randal Barrett acknowledged the continued support of the NZ Super Fund, which also invested in Pioneer’s second and third funds.”

Allocation to New Zealand

The NZ Super Fund currently has around NZD 7 billion invested in New Zealand, with approximately NZD 600 million invested in or committed to New Zealand growth capital companies via third-party fund managers.

Keywords: New Zealand Superannuation Fund.

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