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

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

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Highlights

Pinnacle shares rise nearly 2% to AU$18.26 following a major investment announcement.

Korea’s National Pension Service (NPS) and Townsend Group acquire a 4.17% stake in Metrics Credit Holdings for AU$50 million.

The deal will fund future growth, acquisitions, and new investment strategies for Metrics.

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.

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