NZGCP wants billion-dollar venture funds

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
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...

More Markets

Bathurst vs Talley's: battling on
Markets Part 3

Bathurst vs Talley's: battling on

Bathurst turned back to Asian investors to raise capital this year.

Kiwibank's $500m capital hike fails to inspire
Markets

Kiwibank's $500m capital hike fails to inspire

Capital raise plans designed to help the bank grab market share from its Aussie rivals.

NZX falls as Synlait and Mainfreight take hits
Markets Market Close

NZX falls as Synlait and Mainfreight take hits

Market reacts strongly to news of "challenges" at Synlait's Dunsandel plant.

Tom Raynel 30 Jul 2025
'Slow and disappointing' start to the year for Mainfreight
Markets

'Slow and disappointing' start to the year for Mainfreight

The freight and logistics firm said profits were down across its three main divisions.

Staff reporters 30 Jul 2025