The New Zealand Private Equity and Venture Capital Monitor, released today, recorded the highest value of mid-market deals (investment and divestment) in the twelve years of the Monitor and the highest number of deals since 2008. The level of deals with disclosed values increased to NZ$243.5m from NZ$191.5m in 2013.
Do KiwiSaver schemes currently invest in private equity?
When KiwiSaver was set up it was headlined as providing capital to small and medium sized NZ businesses. That just hasn’t happened as equity investment by KiwiSaver funds is channelled into listed companies both here and offshore. But it is unlisted companies that are the lifeblood of our economy and need access to capital.
New Zealand’s institutional venture capital community is still recovering from the global financial crisis six-and-a-half years ago, although so-called angel investors are in better heart, according to a visiting venture capitalist from Silicon Valley.
Palo Alto, California-based Garage Technology Ventures’ managing director Bill Reichert said the local venture capital community isn’t at critical mass, and is still recovering from the GFC. In contrast, he says the angel investor sector appears to be vibrant, although it would benefit from greater pooling of resources.
Equity crowd-funding platform Equitise has closed its first campaign after successfully raising $211,000 for Tourism Radio NZ.
The company, which provides location-specific digital travel guide commentary through mobile devices in motor homes and rental cars, says it will use the cash to develop technology, expand its sales force and prepare the business for expansion into Australia.
The 30 investors that took part in the crowd-funding campaign, which valued the firm at $1.2 million, now hold a combined stake of 18.2 per cent in Tourism Radio.
There’s never been a better time for women to be making their mark in growth equity, a meeting hosted by the NZVCA at the Auckland offices of Minter Ellison Rudd Watts heard this week.
The gathering of women with an interest in growth equity markets heard that women mentoring women, women investing in women and unprecedented opportunities brought about by changing technology were all key to a sea change in gender diversity in the sector in New Zealand.