Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Private markets matter

27 February 2013

Media release

Private markets matter

NZVCA welcomes the release of the sixth Business Growth Agenda progress report on Government actions to build capital markets.

NZVCA Executive Director Colin McKinnon said “the private ownership of business assets represents a large proportion of the equity for New Zealand businesses and government is recognising that private capital markets matter.

“The latest report includes initiatives encouraging efficient private capital markets and supporting early stage and growth capital markets. NZVCA supports the initiatives and encourages the Government to execute and complete the action plan.

“KiwiSaver initiatives are important to improve the beneficial effect on New Zealand’s broadly-defined capital markets – this includes disclosure regimes for investors that compare fund performance.

“The underwrite support for New Zealand Venture Investment Fund is welcomed. Venture capital funds are key capital providers to young innovative firms prior to these businesses having the track record to access more traditional debt or equity sources.

NZVCA represents private capital investors in the New Zealand market including institutional investors and fund managers from Australia and New Zealand with equity committed to growth companies in New Zealand. The private equity industry has Invested over $4.3 billion in seven hundred New Zealand companies over the last 10 years.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news