<p>New Zealand-based global investment fund the NZ Super Fund announced on December 19 that it will be investing up to $180 million (NZ$260 million) in domestic small-medium sized companies (SMCs) over the next five to 10 years.</p>
<p>NZ Super Fund has set three mandated targets ― to pre-fund universal superannuation in New Zealand, such as NZ$90 million in Direct Capital’s V Fund, NZ$120 million into Pioneer Capital’s III Fund, and up to NZ$50 million into Movac’s IV Fund.</p>