Tightening our Mandate

Investment Mandate
At our launch 5 years ago Punakaiki Fund had a broad mandate, able to invest in any New Zealand company that was “high growth”, as well as turn-around opportunities. We also stated that we would focus on Internet, technology and design-led companies.

Over the following years we added and amended our Statement of Investment Policies and Objectives, and then added a Socially Responsible Investment Policy addressing environmental, social and governance (ESG) issues.

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Mobi2Go Accepts $5m Investment

Mobi2Go Accepts Investment

We are pleased to announce that Punakaiki Fund portfolio company Mobi2Go has closed a $5 million investment round with Movac, a fellow (and larger) New Zealand venture capital fund.

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December 2018 Quarterly Report

We have generally kept Punakaiki Fund company news for investors only, but will now be publishing more information. The first release is our latest Quarterly Report. Note that there is a webinar this afternoon (Tuesday) at 5pm, which all are welcome to join.

We have also released all of our historical Quarterly Reports. The earlier Quarterly Reports are redacted to preserve confidential information, while more recent reports are written for a public audience.   

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Punakaiki Fund 2018 Retail Offer: Launch Event

Punakaiki Fund Limited makes long-term investments into high-growth New Zealand companies, and has a portfolio of 20 investments and $40.6 million in assets.

Please join Lance Wiggs, selected portfolio company founders, and the Punakaiki Fund team as we launch our 2018 Retail Offer to support further investment into great New Zealand companies.

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Punakaiki Fund September 2017 Interim Accounts

We have released our September 2017 interim accounts, which are the half-year financial snapshot. These show that the assets of Punakaiki Fund were $31.56 million at the end of the quarter, of which $29.25 million was investments.

The accounts show a profit of $1.145 million for the half-year, but we believe the more important piece of reading is the statement of cash flows.  This shows that net cash used in operating activities was $213,000, which represents just 0.67% of total assets, or 1.35% on an annualised basis.

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Linewize Sells to ASX Listed Family Zone

We are delighted to announce the sale of Linewize to Family Zone Limited (FZO.AX). Family Zone have released a comprehensive announcement to the ASX.

Why the combination works
There was almost immediate agreement, at the start of negotiations, that the combination of Linewize and Family Zone was good for both businesses. Linewize provides world-leading technology for firewall, filtering and classroom internet management tools, and has 260 New Zealand schools on board. Family Zone has a disruptive business model (selling on-device filtering software to parents via school mandates) and is growing very quickly in Australia, and can rapidly expand the use of Linewize’s technology. They have also signed deals with large telecommunications providers. The combination is a strong sales and marketing engine on top of some excellent technology, and better geographic coverage for all.  

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