Our Managers
A complete list of the Fund’s asset and investment managers (both those appointed by us and those who manage funds in which the Fund is invested) is published each year in our Annual Report. This list includes the value of the amount invested with each manager as at 30 June, and the percentage each mandate makes up of the total NZ Super Fund.
On this page we provide a current summary of our external manager relationships.
NZ Super Fund External Managers
| Managers appointed since 1 July 2020 | |||
|
|
APPOINTED |
FUND NAME AND FOCUS AREAS |
TYPE |
| Citadel LLC | 2020 | Citadel Kensington II - multi strategy hedge fund (global macro opportunity) | Listed |
| Grain | 2020 | Grain opportunistic spectrum | Unlisted |
| Mandates closed since 1 July 2020 | |||
|
|
APPOINTED |
FUND NAME AND FOCUS AREAS |
TYPE |
| BlackRock Investment Management UK | 2020 | Segregated mandate - multi-factor investing | Listed |
| Incumbent managers as at 30 June 2020 | |||
|
|
APPOINTED |
FUND NAME AND FOCUS AREAS |
TYPE |
| Adams Street Partners | 2007 | Adams Street Partnership Fund - 2007 Non-U.S. Fund - buyout, funds of funds | Unlisted |
| Apollo Global Management LLC | 2014 | Financial Credit Investment II - US life settlements | Unlisted |
| 2017 | Financial Credit Investment III - US life settlements | Unlisted | |
| AQR Capital Management, LLC | 2009 | CNH Convertible Arbitrage Fund - a diverse convertible arbitrage fund | Listed |
| 2016 | Segregated mandate - multi-factor equities | Listed | |
| Ascribe Securities (formerly American Securities) | 2010 | American Securities Opportunity Fund II - distressed credit | Unlisted |
| Bain Capital (formerly Sankaty Advisors) | 2013 | Sankaty Credit Opportunities V Europe - distressed credit | Unlisted |
| BlackRock Investment Management UK | 2013 | Segregated mandate - passive global equities | Listed |
| 2016 | Global Merger Partners LLC - merger arbitrage | Listed | |
| 2020 | Segregated mandate - fixed interest securities (ex Treasuries) | Listed | |
| Bridgewater Associates | 2006 | Bridgewater Pure Alpha Fund II, Limited - global macro | Listed |
| Canyon Capital Advisors | 2010 | Canyon Distressed Opportunities Fund (Delaware) - distressed credit | Unlisted |
| 2016 | Canyon NZSF DOF - distress credit managed account | Unlisted | |
| The Carlyle Group | 2020 | Diversified life and non-life insurance strategies | Unlisted |
| CIM | 2019 & 2020 | North American Data Centre Portfolio Co-Investor, LLC – US & Canadian real estate | Unlisted |
| Citadel LLC | 2020 | Citadel Kensington II - multi strategy hedge fund (global macro opportunity) | Listed |
| CITP | 2011 | China Infrastructure Partners - companies primarily engaged in the development, ownership or operation of infrastructure-related investments in China | Unlisted |
| Coller Investment Management | 2007 | Coller International Partners V Fund - global private equity secondaries | Listed |
| Devon Funds Management | 2011 | Segregated mandate - New Zealand active equities | Listed |
| Direct Capital | 2005 | Direct Capital Partners III - New Zealand growth capital | Unlisted |
| 2009 | Direct Capital Partners IV - New Zealand growth capital | Unlisted | |
| 2014 | George H Limited co-investment | Listed and Unlisted | |
| 2016 | Direct Capital Partners Fund V - New Zealand growth capital | Unlisted | |
| 2020 | TR Group co-investment | Unlisted | |
| 2020 | Direct Capital Partners Fund VI - New Zealand growth capital | Unlisted | |
| Elementum Advisers | 2010 | Segregated mandate - natural catastrophe reinsurance | Unlisted |
| FarmRight | 2010 | Rural land in New Zealand | Unlisted |
| Global Forest Partners | 2009 & 2012 | AIF Properties - Australian Timber | Unlisted |
| 2010 | Global Timber Investors 9 - timber assets in New Zealand, Australia, Asia, Africa and South America | Unlisted | |
| 2007 | Global Timber Investors 8 - timber assets in Australia, New Zealand and South America | Unlisted | |
| Grain | 2020 | Grain opportunistic spectrum | Unlisted |
| Hillwood | 2019 | US Industrial Club V - North American real estate | Unlisted |
| HarbourVest Partners | 2006 | HarbourVest International Private Equity Partnership V Fund - buyout, funds of funds | Unlisted |
| H.R.L. Morrison & Co | 2006 | Global infrastructure mandate, which includes our investment in Retire Australia | Both |
| 2009 | Public Infrastructure Partners Fund - social infrastructure such as educational and healthcare facilities, and student accommodation | Unlisted | |
| Kohlberg Kravis Roberts (KKR) | 2007 | KKR Asian Fund - Asian private equity | Unlisted |
| 2008 | KKR 2006 Fund - global private equity | Unlisted | |
| 2014 | KKR Energy Income and Growth Fund (EIGF) and private equity investments in North American natural gas exploration and production, midstream, downstream and/or energy infrastructure and services | Unlisted | |
| Leadenhall Capital Partners | 2013 | Natural catastrophe reinsurance | Unlisted |
| Mint Asset Management | 2015 | Segregated mandate - New Zealand active equities | Listed |
| Movac | 2016 | Movac Fund 4 LP - New Zealand growth capital | Unlisted |
| 2020 | Movac Fund 5 LP - New Zealand growth capital | Unlisted | |
| Neuberger Berman | 2018 | Neuberger Berman Principal Strategies Merger Fund (NZSF), LP - merger arbitrage | Listed |
| Northern Trust | 2013 | Segregated mandate - passive global equities | Listed |
| 2015 | Segregated mandate - passive global fixed income | Listed | |
| 2015 | Passive emerging markets equities | Listed | |
| 2016 | Segregated mandate - multi-factor equities | Listed | |
| Pencarrow Private Equity | 2011 | Pencarrow IV Investment Fund - small and mid-market New Zealand businesses | Unlisted |
| Pioneer Capital Partners | 2013 | Pioneer Capital Partners Fund II - New Zealand growth capital | Unlisted |
| 2016 | Pioneer Capital Partners Fund III - New Zealand growth capital | Unlisted | |
| 2021 | Pioneer Capital Partners Fund IV - New Zealand growth capital | Unlisted | |
| State Street Global Advisors | 2009 | Segregated mandate - passive global listed equities | Listed |
| Two Sigma | 2020 | Two Sigma Absolute Return Macro Enhanced Fund, LP - Global Macro | Listed |
| Waterman Capital | 2010 | Waterman Fund II - small and mid-market New Zealand businesses | Unlisted |
| Willis Bond & Co | 2010 | Willis Bond Institutional Partners - private equity real estate in New Zealand | Unlisted |