GSFM kicks off expansion into New Zealand
GSFM and its fund manager partner, Munro Partners, have launched an investment fund for New Zealand wholesale investors.
The companies announced its distribution capability in the New Zealand market, giving local investors access to the Munro Global Growth Climate Leaders PIE Fund.
Adminis Funds Limited is the manager and issuer of the fund in New Zealand, while GSFM will distribute the fund to New Zealand wholesale investors, it stated.
According to Damien McIntyre, GSFM’s chief executive, the firm has been considering the possibility of distributing its fund manager partners’ funds in New Zealand for some time. The launch of the Munro fund officially kicks off its expansion in the country, he said.
“Our commitment to New Zealand is solid – and the decision was made to launch as a PIE, rather than as a feeder fund. The portfolio investment entity (PIE) gives New Zealand investors the most efficient structure for their investment,” the CEO described.
“This New Zealand PIE follows the investment strategy of the existing Munro Climate Change Leaders Fund, which launched in Australia in 2021.”
The Munro Climate Change Leaders Fund has returned 51.1 per cent net cumulative since its inception, as at 31 March 2025. It invests in a portfolio of global companies driving and benefiting from the structural shift towards a low-carbon economy, with a specific focus on clean energy, sustainable transport, energy efficiency, and the circular economy.
McIntyre said the fund’s strong performance and focus on the growth thematic of climate and decarbonisation makes it a “good fit” for the New Zealand market.
While the fund is initially seeded by Munro Partners, the CEO noted discussions are ongoing with a number of KiwiSaver providers for additional investment opportunities.
“The Munro fund will be the first PIE GSFM will distribute in New Zealand, but we are looking at opportunities for our other fund manager partner’s strategies, as many of them are well-placed to meet the needs of this market,” he continued.
“As our business continues to rapidly grow in the Australian market, we have been looking beyond our shores for the opportunity of that next leg of growth. Given our existing relationships with institutional and wholesale investors in New Zealand, it is a natural extension of our capabilities.”
GSFM said it will be assessing each strategy of its partner firms while taking into consideration the demand in the New Zealand market for specific asset classes and investment styles.
Just last month, boutique fund manager and responsible investment specialist Pella Funds Management also expanded its offering by allowing direct access to investors in New Zealand for the first time.
The firm launched its flagship Global Generations Fund into New Zealand as a PIE structure, offering a portfolio of 30–50 highly cash flow generative businesses that are growing and have outstanding ESG credentials.
AUTHOR
Jasmine Siljic
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