Govt green fund knocked back BlackRock involvement

Govt green fund knocked back BlackRock involvement
BlackRock sought NZ Green Investment Finance involvement in a $2b sustainability fund. (Image: Getty)
Pattrick Smellie
Global investor BlackRock failed to convince New Zealand’s government-backed green investment fund to participate in a proposed $2 billion sustainability fund.The knockback, which occurred at a board meeting of NZ Green Investment Finance (NZGIF) on June 26 last year, was revealed in response to an Official Information Act request from BusinessDesk.BlackRock announced its intention to create the fund before the 2023 general election, giving then Prime Minister Chris Hipkins one of the few good news stories for the Labour-led government ah...

More Finance

FNZ employee shareholders told success more likely
Finance

FNZ employee shareholders told success more likely

Account show loss at global fintech widens. 

Victoria Young 05 Jun 2025
NZ Super ahead of the curve on US equities
Finance

NZ Super ahead of the curve on US equities

New Zealand’s sovereign wealth fund has been overweight in European equities.

Gregor Thompson 03 Jun 2025
Former Telecom chair Wayne Boyd honoured
Finance

Former Telecom chair Wayne Boyd honoured

Honours recognition for a lifetime of low-key, high-quality leadership.

Pattrick Smellie 02 Jun 2025
Andrew Barclay to leave Goldman Sachs NZ
Finance

Andrew Barclay to leave Goldman Sachs NZ

Andrew Barclay has been one of NZ’s most respected deal-makers.

Pattrick Smellie 20 May 2025