New Zealand's Venture Capital Market
New Zealand's venture capital market is evolving rapidly as capital markets and associated professional service firms respond to the demand for private equity from businesses looking for capital and expertise to expand. The focus of this paper is on how the venture capital market in New Zealand is developing - the size, number and type of participants, the process of attracting and then selecting investments, expected returns, exit strategies possible gaps, and potential policy changes to assist the development of market. The paper is based on interviews with twenty market participants ranging from conventional venture capital firms to corporates with internal venture operations and professional service firms involved in the grooming of potential business opportunities. The market is still relatively immature and although there are currently gaps in the market they are by no means overwhelming. Furthermore, there is evidence that the market is segmenting and expanding to fill most of the obvious gaps, which tend to centre around information asymmetries.
|Date of creation:||2000|
|Date of revision:|
|Contact details of provider:|| Postal: New Zealand Treasury, PO Box 3724, Wellington, New Zealand|
Phone: +64-4-472 2733
Fax: +64-4-473 0982
Web page: http://www.treasury.govt.nz
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:nzt:nztwps:00/19. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Web and Publishing Team, The Treasury)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.