More KiwiSaver funds are opting to take a direct slice of New Zealand companies - but there is a warning to investors to make sure they understand what their providers are doing.
Booster recently announced it had made a significant capital investment in Awatere River Wine Company.
It was the first wine industry investment by a KiwiSaver provider but not the first time a KiwiSaver fund had invested in a company that was not listed on the stock exchange.
Milford Asset Management has been investing in unlisted and private equity as part of its Active Growth Fund since 2009.
from
http://www.stuff.co.nz/business/95338244/More-KiwiSaver-providers-take-share-of-unlisted-NZ-companies
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