Purpose Capital: investing where others fear to tread

Purpose Capital's founder and executive director Bill Murphy. (Image: Purpose Capital)

Wed, 22 Nov 2023

Many deep tech startups want to change the world for the better. This is especially evident in the clean energy sector, and New Zealand now has VC funds, and even Kiwisaver funds, ready to bet on some of them taking off. Purpose Capital occupies a niche in the private capital space, where philanthropy drives investment decisions. That it aims to make money isn’t in doubt. “We don't have a mandate to do anything but return market-rate returns to investors,” founder and executive director Bill Murphy said.But makin...

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