The objective of NZGCP is to stimulate a well-functioning capital market for early- stage technology companies. Our two investment vehicles are designed to stimulate private investment into this space through fund of funds and co-investment models. We are also involved in a range of market development initiatives alongside investors, New Zealand Private Capital and the Angel Association of New Zealand.
Our two investment vehicles are designed to stimulate private investment into this space. Our Aspire Fund does this through partnering with other private investors to make direct investments into early stage (proof of concept and seed stage) companies. Our Elevate Fund does this through using best practice fund of funds management to invest into venture capital firms looking to fund New Zealand companies at the Series A and B stages.
The NZGCP was established by the New Zealand Government in 2002 to build a vibrant early-stage investment market in New Zealand. We currently have two investment vehicles; the Aspire Fund and Elevate Fund.
We also have a market development mandate and seek to partner and collaborate with a wide range of Government bodies and private investors to help develop the early-stage New Zealand investment market and ultimately help early-stage New Zealand companies grow.
The NZGCP team are based in Auckland and Wellington. We are governed by a private sector board of directors who provide oversight to our investment management teams.