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)

Thu, 19 Sep 2024

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...

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