Kiwi private equity returns similar to rest of world
By Peter Kerr for sticK
(sticK - Nov. 5 2010 ) Well, it looks like New Zealand pretty much matches the rest of the world in returns from private equity investments.
Till now, no one was able to say with any degree of accuracy what the rate of return has been in our country, but work carried out by NZ Venture Investment Fund investment director, Aaron Tegaskis, has changed that.
After confidential discussions with investors, and agglomerating the figures, it has been shown that for every dollar invested in NZ companies, $2.54 was returned. The actual figures were a return of $1.72 billion on investments of $675 million between 1994 and 2010.
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