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Information release

Venture Capital Fund Information Release

Issue date: 
Wednesday, 28 August 2019
Corporate author: 
Document Date: 
Wednesday, 28 Aug 2019
Publication category: 
Ministerial Portfolio: 
Economic Development

Associate Minister of Finance David Parker introduced the Venture Capital Fund Bill into the House of Representatives on Thursday 22 August 2019. The first reading of the Bill was on Tuesday 27 August 2019. Set out below are the background Cabinet papers and supporting analysis.

The Bill aims to establish the Venture Capital Fund, with the Guardians of New Zealand Superannuation monitoring the dual outcomes of capital reaching New Zealand entities and the development of New Zealand’s early stage capital markets. It will contract New Zealand Venture Investment Fund Limited to manage the Venture Capital Fund, with the Minister of Finance as the responsible Minister for the Guardians.

Last updated: 
Wednesday, 28 August 2019