Latest news with #NZGrowthCapitalPartners
RNZ News
12-05-2025
- Business
- RNZ News
$100m boost to government's venture capital fund announced
Photo: RNZ / Samuel Rillstone The government is to pump another $100 million into the state backed Elevate venture capital fund in next week's budget. Finance Minister Nicola Willis said about two thirds will come from this year's contribution to the Superannuation Fund and the rest will be from the money allocated for capital spending. In a pre-budget speech in Wellington she said the investment was part of government support for new high-growth companies in areas such as space, software, and agricultural technology. Willis said the budget will also include spending aimed at improving productivity, foreign investment, and exports. Elevate is a "fund-of-funds" programme established in 2020. It is managed by Crown company NZ Growth Capital Partners on behalf of the Guardians of NZ Superannuation. Prime Minister Christopher Luxon last week announced there would be a boost to capital spending in the Budget , but Willis has signalled spending will be tight and that there will be no "lolly-scramble". Some experts have warned cuts to government's operating allowance might slow economic recovery. More to come...
National Business Review
30-04-2025
- Business
- National Business Review
Rob Everett to chair Simplicity's board
Fund manager and KiwiSaver provider Simplicity has appointed former Financial Markets Authority and NZ Growth Capital Partners head Rob Everett to its board. His appointment is effective from today, and he will become the company's independent chair from July 1, replacing incumbent Joy Marslin,
