Canada Pension Plan Investment Board, or CPP Investments, and Motive Partners have made a $1.4 billion investment in, theNew Zealand global wealth management platform, FNZ. CPP Investments is investing a total of $1.1 billion. CPP Investments and Motive Partners represent the fifth and sixth external shareholders in FNZ.
The fundraising values FNZ at over $20 billion, which it plans to use to accelerate its mission to transform the global wealth industry. FNZ works with over 650 financial institutions to empower over 20 million people to create wealth through long-term investment. Its platform combines technology, infrastructure, and investment operations in one place to create a hyper-personalized service. The capital raise will help FNZ through increased R&D and growth in the newly-entered North American market.
Lazard & Co. Limited acted as exclusive financial adviser, and Allen & Overy LLP acted as lead legal adviser, to FNZ in relation to the equity capital raise.