Home A A A

Prohibited Investments

Unless authorised by the Advisory Committee, the PIP Fund will not invest in:

  • Investments that involve responsibility for the provision or delivery of the core social services, such as educational services (teaching) or medical care;
  • Investments in correctional facilities, other than in relation to management and maintenance of the physical structures and non-custodial ancillary services (such as provision of utilities and laundry services);
  • Investments whose operations are not substantially in New Zealand or Australia;
  • Derivative Contracts;
  • Takeover transactions publicly opposed by the board of directors of the target, unless the takeover transaction was initially a recommended takeover or a transaction not opposed by the board of the target;
  • Investments that responsible investors should not invest in, as listed in publically available sources, agreed to by all partners; and
  • Investments that might, in certain circumstances, impose a liability on the PIP Fund, which is greater than the PIP Fund’s capital contribution to that Investment.

New Zealand Social Infrastructure Fund Limited Copyright © 2009 | Sitemap