Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Fund Announces Second Commitment To Equity

4 October 2005

New Zealand Superannuation Fund Announces Second Commitment To Nz Private Equity

The New Zealand Superannuation Fund (NZSF) today advised that it has made a $20 million commitment to the Direct Capital Partners (DCP) III fund. The DCP III fund is managed by Auckland based Direct Capital Management Limited and plans to make investments of between $5 million and $20 million in suitable businesses in both New Zealand and Australia.

This commitment is the second allocation made by the NZSF to the domestic private equity market. It follows a commitment of $23.75 million to the AMP Pencarrow Private Equity fund in June 2005.

In March 2005, the NZSF stated its intention to invest up to $100 million in local private equity funds, or related transactions, over the next three to five years. At that time it also announced the appointment of specialist Sydney-based advisory firm, Quentin Ayers, to review investment opportunities in the New Zealand private equity market. The DCP III fund has been reviewed by Quentin Ayers on behalf of the NZSF.

The value of the New Zealand Superannuation Fund as at 31 August 2005 was $7.2 billion.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>

MBIE: NZ space sector set to star in Moon mission
The New Zealand space sector is set to star in NASA’s CAPSTONE moon mission – with Rocket Lab launching a satellite to the Moon from New Zealand in June, and the lift-off of a separate NASA-NZ lunar research project... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>