$300mil Govt Fund for Venture Capital

The NZ Superannuation Fund has put out a press release that provides a lot more detail about the much anticipated $300mil “Series A” venture capital intervention fund, designed to help companies in the $2mil-$15mil valuation range. Commonly known as the “valley of death” in NZ investment circles, many companies at this stage end up having to go overseas to find capital. Using a small portion of the government’s superannuation contributions is a positive signal that there is strong belief that this asset class can produce good returns over a long time-frame. However, it may take awhile before request for proposals and managers are appointed – we expect it to take at least a year to get to the point where this funding actually becomes available.

Read more here: https://investmentnews.co.nz/investment-news/nz-super-primed-for-new-300m-venture/