New Zealand Super invests $30m in local private equity

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NEW ZEALAND - The Guardians of the New Zealand Superannuation fund has appointed Waterman Capital to help manage its private equity investments.

The scheme has invested NZ$30m (US$20.7m) to become the cornerstone investor in Waterman Fund 2, which has a target capitalisation of NZ$75m. As at July 1 it had already more than NZ$65m in capital...

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