DAVID CHAPLIN: Do mid-caps need another govt fund?

Wed, 26 Aug 2020

There’s a hole in the market, dear minister, a hole.Or so government advisers told the Minister of Economic Development Phil Twyford in a recently released Cabinet paper.“The Small Business Council and officials from MBIE and NZTE have previously identified a capital gap for smaller but more mature companies (with revenues between $3 million and $30 million) that are not typical venture capital targets (i.e., they have slower growth rates) and fall below the typical private equity range,” the paper says. “Many of these a...

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