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New Zealand Superannuation Fund Closes Its Investment of $75 Million In Shares of Series F Preferred Stock of View, Inc.

New Zealand Superannuation Fund

Represented New Zealand Superannuation Fund in its investment in View, Inc. consisting of $75 million in shares of Series F Preferred Stock. View, Inc. is a leading manufacturer of dynamic-tinting glass, helping building occupants control glare and preserve views by avoiding blinds and shades. As well as regulating natural light, the dynamic glass, which is installed at more than 120 sites across North America, also reduces the amount of energy used for cooling, heating and lighting buildings. Intelligent systems operate the glass in response to outdoor conditions providing greater comfort and energy efficiency and occupants can also manually control the glass using apps on smartphones and tablets, or by wall switches.

New Zealand Superannuation Fund is a sovereign wealth fund in New Zealand created by the New Zealand Superannuation and Retirement Act 2001 to provide universal pension for people over 65 years of age and partially pre-fund the future cost of universal pension payments. A long-term, growth-oriented investor, the New Zealand Superannuation Fund has returned 10.3% per annum since its inception in 2003. Funds under management were NZ $29.6 billion as of May 31, 2015. Stradling has represented New Zealand Superannuation Fund in prior expansion capital investments in the alternative energy space, including its investment in fuel cell manufacturer Bloom Energy and carbon recycling company LanzaTech. Read the press release.

Tom Speiss, Doug Hahn and Steve Hanle advised on IP matters.