Local fund managers test venture capital waters

Local fund managers test venture capital waters
Jenny Ruth
Venture capital is at least on the agenda of New Zealand's mainstream fund managers and some have gone much further than that.Milford Asset Management calls its efforts "private equity" but its investments, initially through its Active Growth Fund and now through its $150 million Milford Private Equity Fund II, do fit squarely within the $2-20 million range that many regard as a funding gap for new ventures in New Zealand.Associate Finance Minister David Parker has said the government's $300 million Venture Capital Fund Bill will address that p...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025