New Zealand Superannuation Fund
Fund focus: Patience pays for off for Movac
New Zealand VC firm Movac has exceeded expectations with its latest vintage, trading individuals and families for institutions, some of which are entering the asset class for the first time
NZ Super CEO resigns
Matt Whineray, who has served as CEO of New Zealand Superannuation Fund (NZ Super) since mid-2018, will depart at the end of the year.
NZ Super, ACC exit Kiwibank via $1.3b NZ government buyout
New Zealand Superannuation Fund (NZ Super) and Accident Compensation Corporation (ACC) have exited state-owned Kiwibank at an implied valuation of NZD 2.1bn (USD 1.3bn).
PE consortium backs New Zealand fertility business
Pioneer Capital, New Zealand Superannuation Fund, and Comprador Holdings have together acquired a 70% stake in Fertility Associates, a New Zealand-based fertility treatment provider.
Indigenous New Zealand LP backs pathology business
Te Puia Tapapa (TPT), a PE investor serving New Zealand indigenous groups, has backed a pathology business owned by New Zealand Superannuation Fund (NZ Super) and Ontario Teachers’ Pension Plan (OTPP).
NZ Super to back Pioneer's fourth fund
Auckland-based private equity firm Pioneer Capital has received a cornerstone commitment of NZ$100 million ($72 million) for its fourth fund from New Zealand Superannuation Fund (NZ Super).
NZ Super, OTPP buy New Zealand pathology business
New Zealand Superannuation Fund (NZ Super) and Ontario Teachers’ Pension Plan (OTPP) have completed a NZ$550 million ($387 million) carve-out of Healthscope’s New Zealand pathology services business.
Asset allocation: So long, silo?
The total portfolio approach remains on the margins of asset management. Advocates of the model hope LPs will reconsider as they look for alpha beyond the areas where they normally find it
Australian LPs and co-investment: Willing partners
The difficulties NZ Super encountered with its now-defunct global direct investment unit offer pointers for Australian LPs looking at how to resource and structure co-investment programs
Coronavirus & fundraising: Caught in a bind
The coronavirus outbreak has implications for PE fundraising well beyond China. Many Asia-based managers are either unable to go and see LPs or LPs are not permitted to visit them
Deep GP-LP relationships not defined by co-underwriting - AVCJ Forum
Institutional investors in Australia and New Zealand are looking to establish deeper relationships with portfolio GPs – and while co-investment is part of the dynamic, it doesn’t necessarily stretch to co-underwriting.
New Zealand opens $200m VC scheme to private managers
New Zealand has opened a NZ$300 million ($199 million) government-backed venture capital scheme to applications from domestic and international private fund managers.
NZ Super appoints Stephen Gilmore as CIO
New Zealand Superannuation Fund has named Stephen Gilmore (pictured), who was most recently chief investment strategist with Australia’s Future Fund, as its new CIO.
Separately managed accounts: Bespoke buyouts
Co-investment alongside a single strategy is the most common function of separate accounts in Asia, but establishing parameters that meet the needs and rights of all stakeholders can still be challenging
NZ Super buys 27% stake in domestic food player
New Zealand Superannuation (NZ Super) has invested an undisclosed sum to take a 27% holding in New Zealand Gourmet, a company that farms and markets a range of fresh produce.
NZ Super names Whineray as new CEO
New Zealand Superannuation (NZ Super) has appointed its CIO Matt Whineray as CEO following a global search process.
NZ Super appoints head of external investments
New Zealand Superannuation Fund has named Del Hart as head of external investments and partnerships.
NZ Super loses head of external investments
Fiona Mackenzie (pictured), the head of external investments and partnerships at New Zealand Superannuation Fund, is leaving to join First NZ Capital (FNZC).
LP interview: New Zealand Superannuation Fund
New Zealand Superannuation Fund believes it has turned its far flung location into an advantage, making decisions away from the mainstream investor community and plotting a differentiated course in alternatives
NZ Super joins $172m investment in Kiwibank
New Zealand Superannuation Fund (NZ Super) has participated in a NZ$247 million ($172 million) investment in Kiwibank, a banking and finance services provider controlled by New Zealand Post.
Fund focus: Pioneer sees PE come of age in New Zealand
Pioneer Capital sees the closing of its third fund at the hard cap of $180 million as confirmation that private equity in New Zealand has become more mainstream
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.
Australia aged care: The golden years
Australia’s aged care segment continues to appeal to private equity investors. But GPs must be wary of the challenges posed by the government’s unique stake in the market
NZ Super Fund commits $182m across three domestic GPs
New Zealand Superannuation Fund (NZ Super) has committed to invest up to NZ$260 million ($182 million) in three domestic PE funds.