MEAG, NZ Super Fund and Infratil to invest $500m in Longroad Energy.

MEAG, the asset management arm for entities of Munich Re, NZ Super Fund, a sovereign wealth fund in New Zealand, and Infratil, a New Zealand-based infrastructure investment company, agreed to invest $500m in Longroad Energy, a renewable energy developer. "Infratil is extremely happy with this outcome. We remain very optimistic about the opportunities and outlook for Longroad. It is well-positioned in a key geography, with high-quality operating assets, built-in growth through its development portfolio, and a proven team. The new investment from a leading global infrastructure investor in MEAG is a strong endorsement of the business and the sector," Jason Boyes, Infratil CEO.