PMG Funds Hits $1 Billion Milestone

PMG Funds just smashed the $1 billion milestone in assets under management, thanks to its unlisted property model that’s paid out over $190 million to retail investors since 2014. Focused on expanding its Pacific Property Fund — the nation’s oldest and now its biggest diversified unlisted commercial property fund — the company is betting big on industrial and large-format retail, including a new Mitre 10 Mega in Christchurch. CEO Scott McKenzie, who took over in 2012 when assets were just $88 million, believes unlisted funds offer a more grounded, income-driven investment approach — rooted in tenant quality, rental income, and property management — not market hype. While they’re not pursuing listed funds now, the door isn’t entirely closed for the future. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/afb1c2483ff2d0cf