Pioneer hits $180m hard cap on third New Zealand fund
New Zealand’s Pioneer Capital has hit the hard cap of NZ$260 million ($180 million) on its third growth fund, beating the target of NZ$210 million. It follows the first investment from the new vehicle in Havelock North Fruit.
The GP partners with owners and managers of private businesses with a view to taking them to next level of growth, typically committing NZ$10-50 million per transaction. Fund II closed at NZ$150 million...
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