Fees-fed KiwiSaver funds ignoring VC investment

Fees-fed KiwiSaver funds ignoring VC investment
Rob Everett says domestic managed funds need to take a VC risk to encourage international investors. (Image: Supplied)
Pattrick Smellie
The absence from the venture capital market of the country’s larger KiwiSaver funds is one of the factors holding back early-stage New Zealand companies’ growth, says the chief executive of NZ Growth Capital Partners, Rob Everett.He was speaking during a parliamentary select committee review of the Government-owned venture capital (VC) fund’s 2022/23 financial year, which recorded a sharp dip in activity.NZGCP’s mandate allows it to take stakes of up to 49.9% in early-stage companies to attract private capital into NZ bu...

More Economy

Finance Minister announces $100m to elevate Elevate
Economy

Finance Minister announces $100m to elevate Elevate

Elevate is a government-funded 'fund of funds' programme. 

Manawa deal sparks talk about Infratil's plans
Economy

Manawa deal sparks talk about Infratil's plans

Analysts expect a sale of its WLG Airport stake. Former executives aren't convinced.

Gregor Thompson 12 May 2025
Why this Australian investor likes NZ-listed companies
Economy

Why this Australian investor likes NZ-listed companies

Fund manager believes in NZ's economic recovery, and is putting money behind it.

Westpac adds another rate cut to its forecasts
Economy

Westpac adds another rate cut to its forecasts

Westpac Bank now expects the official cash rate (OCR) to trough at 3% and has pushed back the timing of its forecast tightening cycle.“Downside risks from global growth suggest the RBNZ [Reserve Bank of New Zealand] may continue easing beyond May,” chief economist Kelly Eckhold s...

Rebecca Howard 09 May 2025