Punakaiki Fund makes long-term investments into high-growth, revenue-generating New Zealand technology companies.
The company has a portfolio of investments in 14 core Portfolio Companies valued at $49.9 million, and total assets, including cash, of $54.5 million.
The most recent investor net asset value is $22.10, which uses the portfolio valuations assessed for the November 2019 Retail Offer and Rights Issue along with the dilution effect from the fully subscribed Rights Issue.
We are always looking for new investments. If your technology company is New Zealand based, growing quickly, and has at least $500,000 of revenue (SaaS) or $3 million revenue (non SaaS) then please get in touch. We target initial investments of at least $1 million.
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Core Portfolio Companies
The 14 companies represent a diverse range of industries, products and services and business models. Their aggregate revenues over the twelve months to 30 June 2019 (not weighted by our shareholding) were $124 million.
Retail and Wholesale Offers to the Public
We periodically raie funds from investors. We typically have one retail offer each year, and one or two wholesale offers for eligible investors.
The last retail offer was in November 2019, and the Product Disclosure Statement is our most recent retail offer document.
The investor net asset value per share was $22.95 (17 October), and the offer was priced at $23.00 per share. The Retail Offer was in conjunction with a discounted rights issue, where investors holding shares after the $23.00 offer closes had the right to buy one share at $16 for every 7 shares they hold. The offer and rights issue raised $5.4 million, and, after dilution from the rights issue, the investor net asset value per share fell to $22.10.
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For more detailed information, please check out our founding documents, annual reports, board members and other investment links in our Key Documents section.