27 Feb 2013

Further $60m in investment fund underwritten by govt

12:29 pm on 27 February 2013

The Government is committing another $60 million to a New Zealand Venture Investment Fund programme to encourage more private investment into new venture capital funds.

The Government says the underwrite allows the fund to commit to new venture capital funds which will invest in technology companies.

The sum is in addition to an already allocated $160 million and a previous $40 million underwrite.

The underwrite facility is a contingent liability rather than an upfront sum.