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

 

OceanaGold: Man Killed In Waihi Mine Accident

A 29-year-old man had died following a work place accident at OceanaGold mine, Waihi last night. The man was killed after the front end loader he was in rolled down a slope. The accident happened at approximately 6.30pm on Thursday night. More>>

ALSO:

Constructing Consent: Annual Housing Consents Highest In Over A Decade

More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More>>

ALSO:

War Against Weevil For Future Peas: “No Peas, No Weevil” Ban Now In Place In Wairarapa

The Ministry for Primary Industries (MPI) has today placed a ban on growing peas within a specified area and placed controls on moving pea material (seed and untreated pea straw) within, in and out of this area for the next 2 years. More>>

ALSO:

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news