Markets

NZGCP wants billion-dollar venture funds

Dan Brunskill
Wed, 22 Dec 2021

NZGCP wants billion-dollar venture funds
Jim Pinner says private sector investors have been more willing to back venture funds that NZGCP had already invested in. (Photo: supplied)
Dan Brunskill
Wed, 22 Dec 2021
It’s been a bumper year for venture capital with more than half a billion dollars raised for New Zealand funds to invest in start-up companies – more than in the entire previous decade.New Zealand Growth Capital Partners is responsible for a large chunk of the sudden flow of money into the asset class.The state-run agency has committed more than $150 million to venture funds, which was matched by another $420m of private capital.Acting chief executive Jim Pinner said it was a good start, but he wanted to see billion-dollar venture f...

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