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Accident Compensation Corporation
Accident Compensation Corporation manages $29 billion for New Zealand injury compensation liabilities through infrastructure and equity holdings.
Accident Compensation Corporation
Accident Compensation Corporation operates as a statutory Crown entity established to administer New Zealand's no-fault accident compensation scheme. Megan Main holds the Chief Executive role while David Iverson serves as Chief Investment Officer. The corporation deploys capital across infrastructure, real estate, and public equities. Confirmed holdings include stakes in Infratil Limited at 17.41 percent and positions in Microsoft, Apple, and Verizon. Geographic exposure centers on New Zealand with additional holdings in United States equities. Investments occur through direct joint ventures in PPP projects and external managers. The entity maintains approximately $29 billion under management. It holds membership in the Principles for Responsible Investment and the Responsible Investment Association Australasia. July 2024: Spoke at Investment Innovation Institute on infrastructure investment strategies for matching long-term liabilities. Service providers include Willis Towers Watson and JPMorgan. Governance flows from The Treasury as the responsible Crown oversight body. This structure imposes statutory investment constraints and public reporting requirements distinct from private asset managers.
General information
Firm type
Annuity / Liability / Surplus Fund
Year founded
—
AUM
29000 (Altss estimate)
Location
Region
Oceania
Country
New Zealand
City
Wellington
Corporate office
—
Principals
Megan Main
Chief Executive
David Iverson
Chief Investment Officer
Jan Dawson
Chair
Ian Purdy
Head of Property and Infrastructure
Sector focus
Frequently asked questions
Who runs investment decisions at Accident Compensation Corporation?
David Iverson serves as Chief Investment Officer. Megan Main holds the Chief Executive position. The board is chaired by Jan Dawson.
Does Accident Compensation Corporation participate in fund commitments or only direct deals?
The corporation holds both direct joint-venture positions in PPP assets and limited partner commitments through external managers including Direct Capital and Pioneer Capital.
What investment stages does Accident Compensation Corporation typically target?
The entity focuses on operational infrastructure assets and listed equities. It maintains exposure to early-stage companies through the ACC Health, Safety and Wellbeing Impact Fund.
Where does the underlying capital come from?
Funds derive from levies collected under New Zealand's accident compensation scheme and investment returns on the surplus portfolio.
How is Accident Compensation Corporation related to New Zealand Superannuation Fund?
The two entities act as frequent co-investment partners in New Zealand infrastructure projects and domestic operating companies.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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