For investors

Thinking about co-investment

We think about co-investment in a broad sense to take into account our purpose and objectives.

This involves considering not only who may be participating in an investment alongside us at a single point in time, but also what additional capital our activity could help unlock or mobilise in the future. For us, co-investment can include many different forms of finance and participation.

For co-investors, we offer a pipeline of investable opportunities and access to deal flow in a growing sector, the ability to share and align risks and the ability to structure and execute transactions.

Our investment approach

Working with private capital markets and co-investors, NZGIF ’s purpose is to accelerate the flow of capital to investment that can enable New Zealand's decarbonisation.

NZGIF has two main approaches to accelerating investment in the market: direct investment, and the creation of products and programmes to attract additional flows of capital.

We are looking for scalable companies, technologies and products that are commercial-ready and offer low carbon benefits for New Zealand. 

Direct investment

We are willing and able to use different investment instruments – such as equity and debt – as appropriate for a particular investment opportunity.

We always consider other key investment parameters, such as the term of investment and its security, in order to maximise the likelihood of success for our investments while seeking commercial risk-adjusted return.

We typically will not allocate more than 33% of our capital to any one technology or industry, and no more than 20% of our capital to any one counterparty. Our aim is to limit equity investment exposures to no more than 50% of our total investment portfolio. 

Product and programme development

NZGIF will leverage its own capital base to create the greatest impact by crowding-in private capital where appropriate. One way to do this is to build products to increase capital flows to low carbon activities. Such products may, for example, include funds that are open for investment or lending facilities in which other financiers may participate.