The performance of NZ expansion capital has exceeded NZ Super expectations to date.
NZ expansion capital investment opportunity is defined as high growth private
companies that have an enterprise value between NZ$5 million and NZ$100 million.
NZ Super believe investment returns are attractive because there is insufficient capital
available to support the demand for growth equity from this cohort of companies.
The slow-changing nature of the key drivers of the opportunity support NZ Super belief that
NZ expansion capital will likely be attractive for institutional investors for the next
several years.

Read the White Paper

It has released a white paper, by Nathan Tuck and Fiona Mackenzie, in which they define expansion capital as the provision of capital to small, fast-growing private companies.

It includes growth equity, as well as small and medium enterprise buyout.

Tuck and Mackenzie said all the expansion capital companies the fund would consider had proven products and established business models.

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After attempts at diversifing, the stock-market operator NZX is promising to return to what it does best.

The timing of software company Xero’s departure from the New Zealand sharemarket couldn’t have been much worse for stock-exchange operator NZX. 2017 shaped up as the worst for new exchange listings since at least 2003.

Just one new company, aged-care operator Oceania Healthcare, came to market in 2017, listing on NZX’s main NZSX board. Meanwhile, the response to NZX’s low-cost, reduced-compliance NXT and NZAX markets has been so underwgelming it is rethinking them.

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The federal government has been urged to establish a new publicly backed venture capital fund to boost innovation in Australia and help drive development opportunities for emerging businesses.

In a pre-budget submission to Treasurer Scott Morrison, the Institute of Public Accountants said Australia’s entrepreneurial environment would be strengthened if the government helped promote early-stage venture capital financing to “high-potential young firms”.

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A revolutionary laser-based method for sexing livestock sperm has successfully concluded laboratory trials and is preparing for scaling commercialization with a $17 million capital raise.

New Zealand-based Engender Technologies has proven the efficacy of its prototype system, showing it is able to consistently sort sperm by sex to enrich X-chromosome bearing bull sperm cells. Sex sorting will sustain-ably accelerate genetic gain and improve cost efficiency in large animal reproduction.

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