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.
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.