Generate KiwiSaver makes another investment into private equity. Generate KiwiSaver Scheme is committed US$25 million in to Australian-based HEAL Partners Fund II which specialises in health and education investments. The fund isca late-stage growth and follow-on fund, and has raised A$200 million and is targeting A$350million to A$500 million in commitments. Generate has now committed […]
Category Archives: KiwiSaver News
KiwiSaver engagement and active choice growing
Milford, Generate and Simplicity KiwiSaver have each enjoyed massive growth in assets under management over the last five years. In the five years to March 2024, Milford added around $6.5 billion in assets with a 40% per annum growth rate, while Generate and Simplicity also enjoyed high growth rates of 35% and 47% respectively, according […]
Two KiwiSaver schemes report larger losses but make revenue gains
Two of the newer KiwiSaver schemes chalked up larger losses in their latest financial year. But while Sharesies KiwiSaver scheme had about 5,000 members at March 31, it has since reached about 8,000 members and needs about another 5,000 to join to allow it to break even, according to Sharesies co-founder and chief executive Leighton […]
ASB CEO talks compulsion, contribution and PE in KiwiSaver
ASB CEO Vittoria Shortt would like to see change when it comes to KiwiSaver policy and is interested in developing the product. Shortt says she’s very happy with the scheme and the bank's strategic partnership with Blackrock as underlying asset manager has yielded pleasing results which will be evident when it puts out its investing […]