The growing share of private equity in charity portfolios
With billions to invest for the long term and millions to pay out each year, community trusts are evolving their strategies.
Hundreds of community groups throughout New Zealand received a slice of $146 million last year – a legacy of public regional savings banks sold, with one exception, between 1989 and 2000.
The money is income from a nest egg now worth $4.1 billion. It’s a huge sum. Invested wisely, it could
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