NZ Young Company Finance - Issue 4 - July 2008
NZ Young Company Finance - Issue 4 - July 2008
Welcome to the fourth issue of Young Company Finance. The New Zealand Venture Investment Fund, Escalator and NZVCA have developed YCF with the express purpose of providing our local private equity market with a regular source of deal information, industry news, and features on specific deals or people.
This initiative is an important part of the market development and education for the NZ private equity market, and is published quarterly. We want the publication to be relevant to its readers - you - so this issue contains a reader survey. We would appreciate your feedback on the newsletter - its strengths, its weaknesses, any regular features you would like to see included, etc.
It is an interesting time in the early stage investment sector in New Zealand and elsewhere as developed economies slow. Despite the slowdown, as private equity investment becomes better understood by New Zealand institutional investors and new fund structures emerge which make it easier to invest, we can expect to see more early stage investment emerging.
In this issue we highlight, Pacific Channel’s signing of a co-investment partnership with NZVIF. This is expected to bring around $8 million to $12 million of new investment into biotech ventures.
Upstart Business Incubator’s investment in Dunedin technology company TracPlus Global is making waves offshore. TracPlus Global has beaten entrants from 15 countries to win a UK-based international business competition - the annual International Technium Challenge competition run by International Business Wales.
An important initiative for the development of New Zealand’s early stage investment sector is the emergence of a new industry body, the Angel Association New Zealand.
In this edition is a discussion around the rationale for establishing the new industry group, and how it could help in foster growth in and advocating for the sector over the coming years.
Download Issue 4 - July 2008 (PDF)
