The acquisition of Quantifi Photonics by Teradyne Inc (NASDAQ:TER) in May 2025 marked Punakaiki Fund’s fourth and largest major exit in four years. With an economic interest of 13%, Punakaiki Fund was the largest local investor in Quantifi Photonics, second overall behind US-based Intel Capital.
Quantifi Photonics is a New Zealand-based company specialising in photonics test and measurement solutions. Teradyne Inc is a global leader in automated test equipment and robotics systems.