You could be helping the next big homegrown company go global with Pioneer Capital and the Kiwi Wealth KiwiSaver Scheme.
If there’s anything the last year has taught us, it’s that we’re lucky to be living in the land of the long white cloud. Kiwi are making some incredible things, and we want to show the world what we’ve got. We’re helping fund Pioneer Capital and their new Pioneer Capital Partners IV fund to do just that. They’re investing in Kiwi businesses that want to make it big on the world stage and helping spread a little bit of the magic of Aotearoa around the globe.
Who is Pioneer Capital?
If you love healthy snacks, moreish muesli or instant gratification, you might already be a fan of some of Pioneer Capital’s investments. Since their founding in 2005, they’ve invested in 23 Kiwi companies - like Tom and Luke, Vogel’s and Laybuy – and helped them grow and expand into the international market. Companies supported by Pioneer Capital have collectively grown to have over 50 offices in a dozen major markets, employ over 4,000 people, and earn an aggregate annual revenue of over 1 billion dollars.
And just like us, they’re committed to investing responsibly with a focus on businesses that benefit and support employees, customers, suppliers, and the communities they operate in.
Alongside our recent KiwiSaver investment in Movac and their Fund 5 technology fund for local start-ups, this partnership with Pioneer Capital is just another way we’re committed to helping Kiwi businesses. Simon O’Grady, our Chief Investment Officer, agrees: “This agreement with Pioneer represents another step in Kiwi Wealth’s burgeoning series of private equity investments. Pioneer Capital sits attractively in the mid-stage between start-ups and the mature end of the market, focusing on expansion capital for high-value export enterprises with established operating bases – in particular, health and wellness, premium food and beverage, and technology-enabled businesses.”
Randall Barrett, Managing Director at Pioneer Capital, reckons their new funds will be able to help some of our amazing local businesses be seen worldwide:
“In the pandemic economy, private equity-owned businesses have had the luxury of being tightly held and governed, so they can make quick decisions and move to avert risk and take advantage of opportunity. They are nimble. They also have access to capital if they need it. That is why private equity-owned businesses have generally performed better through COVID than those that don’t have the ability to move quickly or access capital.”
“We will deploy Pioneer Capital Partners IV capital into a strong pipeline of new opportunities and expect to make the first couple of investments into high-value-export-focused companies inside a year. And, as an open-ended fund, we can take a long-term view with these and additional investments.”