NZVIF breaks even or better from one-in-five exits

Thu, 09 Jul 2015

By Paul McBeth July 10 (BusinessDesk) - The New Zealand Venture Investment Fund, the Crown-funded start-up investor, has broken even or made money on 21 percent of its exited investments, which it says is in line with early-stage investment expectations. The fund manager has exited 62 investments since its establishment in 2002, of which 13 have been at a valuation multiple of 1 or more, it said in a report released today. Of those, four have been at valuation multiples of 3 times or more. NZVIF's $40 million Seed Co-Investment Fund, whic...

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