Pinnacle Investment Management Shares Surge After Strategic Deal with Korean Pension Giant

Fri 14 Mar 25, 12:36 AM | Team Kalkine

Pinnacle Investment Management Group Ltd (ASX:PNI) shares climbed almost 2% to AU$18.26 on Friday morning, after the company revealed a major strategic investment following the market close on Thursday.

Investors reacted positively to the news that the National Pension Service of Korea (NPS), in partnership with global investment powerhouse Townsend Group, has finaliSed an investment in Pinnacle’s affiliate, Metrics Credit Holdings (Metrics).

The partnership has acquired a 4.17% stake in Metrics for AU$50 million, with proceeds earmarked for future growth initiatives, potential acquisitions, and the development of new investment strategies.

As part of the investment, the partnership will also inject funds into Metrics’ real estate-focused investment strategies. This move aligns well with Townsend’s deep expertise in global real estate and real assets, a sector where it manages and advises on over US$237.9 billion in assets.

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