Australasian private equity and venture capital funds delivered a 18% net return, in New Zealand dollars, for the 3-years ending 31 March 2017, according to data provided by Cambridge Associates. Investors have enjoyed attractive returns driven by strong distributions in excess of $3.0 billion back to investors during the past year. Australasian private equity and venture capital funds have strongly outperformed local listed market comparisons for three-year, five-year and 10-year periods. The 15year annualised return on Australasian private equity and venture capital was 11 per cent compared with a public market equivalent 5 per cent for the S&P ASX 300, a value-add of 600 basis points. A similar theme of strong returns and record distributions has occurred across global private equity and venture capital markets over the same 15 year period.
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The global investment industry is overweight male, according to the NZ Superannuation Fund (NZS), with top-level gender imbalance explaining a significant portion of the glaring pay gap.
In a statement, the NZS says an overwhelming proportion of men apply for senior investment roles at the fund while conversely there is “no shortage of female candidates for early-career roles”.
Apple has bought Kiwi tech company PowerbyProxi, which develops wireless charging technology.
The company was set up by then Auckland University student Fady Mishriki a decade ago. Mishriki studied wireless power systems through his Bachelor of Engineering, which became a catalyst for the firm’s creation.
Apple has bought Kiwi tech company PowerbyProxi, which develops wireless charging technology.
The company was set up by then Auckland University student Fady Mishriki a decade ago. Mishriki studied wireless power systems through his Bachelor of Engineering, which became a catalyst for the firm’s creation.
Mount Maunganui start-up DROPIT has raised $5 million in just two months in its latest funding round.
DROPIT, a reverse auction app platform which counts down the price of an item to $0 in 60 seconds, was founded in 2015 by Bay of Plenty brothers Brendan Howell, 41, and Peter Howell, 37.