NZ social infrastructure fund raises $29.5 million in IPO
The New Zealand Social Infrastructure Fund (NZSIF), a public-markets vehicle launched to invest in the Public Infrastructure Partners (PIP) Fund, has raised NZ$41 million ($29.5 million) from retail investors through an IPO.
Craigs Investment Partners, advisors on the IPO, said 750 individuals and social welfare institutions had invested in the NZSIF, which will be used for public/private partnerships to build schools, hospitals,...
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