New Zealand Superannuation Fund commits $100m

The New Zealand sovereign wealth fund has backed a venture capital vehicle in private real estate.

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Institution: New Zealand Superannuation Fund
Headquarters: Auckland, New Zealand
Total AUM: $NZ 59.7 billion

New Zealand Superannuation Fund has approved a $100 million commitment to Fifth Wall Climate Technology Fund, a venture capital fund managed by Fifth Wall.

As illustrated below, New Zealand Superannuation Fund allocates 1.6 percent of its full investment portfolio to private real estate. The pension’s recent commitments to private real estate have been mostly to North American and Asian Pacific vehicles.