Pie adds new filling to its KiwiSaver reciepe

Pie Funds is investing $10 million into Icehouse Ventures’ Growth Fund II, a $100m late-stage venture fund that provides exposure to 20 of New Zealand’s leading technology companies.

The investment will come from Pie’s KiwiSaver Growth Fund and aligns with Pie’s ongoing commitment to creating a well-rounded investment portfolio for its KiwiSaver members that balances risk and reward by incorporating growth-stage investments alongside more traditional asset classes, the manager says in a statement.

"Late-stage investing presents an exciting opportunity for investors, supporting genuine Kiwi innovation whilst combining the stability of established operations with the potential for upside as these investments reach new growth milestones," Pie Funds chief investment officer Mike Taylor says.

“We’re absolutely delighted to be able to give our investors a mechanism for tapping into the deal flow of New Zealand’s most active venture investor. We think more Kiwis should be able to be part of the journey of some of these exceptional companies, right here in our own backyard,” Taylor says.