Ngai Tahu key investor in $105 mln Movac technology fund

Fri, 11 Nov 2016

By Fiona Rotherham Nov. 11 (BusinessDesk) - Technology investment fund manager Movac has raised $105 million for its latest fund, including $75 million from institutional investors such as Ngai Tahu Holdings, the iwi’s commercial arm. Movac partner Phil McCaw said he couldn’t name the other institutional investors for Movac Fund 4 but the balance of the funds has come from the New Zealand Venture Investment Fund, leading New Zealand family offices, community trusts and private investors, including investor migrants. The fund will be in...

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