NZVIF Investment Report
The investment performance to 30 June 2015 highlights both the volatility of early stage investing and the reliance on a few ‘outlier’ investments to generate the bulk of the returns. The overall portfolio result is positive based on a very conservative valuation assessment. While it is down on the previous year, this is due mainly to the volatility of listed portfolio companies, which now comprise over 40 percent of the value of NZVIF’s portfolio. The volatility is illustrated in that – post the reporting period – the portfolio’s value rebounded from $156 million to over $181 million at 31 December.
Click here to download the NZVIF Investment Report for the year to 30 June 2015. It is the second such report on the performance of NZVIF’s two funds – the Venture Capital Fund and the Seed Co-investment Fund.