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The New Zealand P.E. Market

The New Zealand P.E. Market. “I’m looking for a hedge against my hedge funds”. The New Zealand P.E. Market. “I’m looking for a hedge against my hedge funds”. Key Messages. New Zealand. Established, growing and successful market Experienced managers – off-shore and on-shore

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The New Zealand P.E. Market

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  1. The New Zealand P.E. Market “I’m looking for a hedge against my hedge funds”

  2. The New Zealand P.E. Market “I’m looking for a hedge against my hedge funds”

  3. Key Messages New Zealand • Established, growing and successful market • Experienced managers – off-shore and on-shore • Less risk than is perceived – diversification, advice

  4. Key Drivers To Industry Development • Accessible institutions - investors • Infrastructure • Advisors • Benign tax environment • Familiar legal environment • Portfolio diversification • Manager • Investee • Demonstrable success • Manager track record

  5. Investors “I won’t be able to handle your account anymore, as it suddenly appears that you’re a small investor.”

  6. The New Zealand Private Equity Industry Today:Investors • Poor representation amongst the New Zealand superannuation funds: • Liquidity, J curve, manager selection, no track record • Retail: Relatively well developed – Hauraki I and II, Pohutukawa Source: Direct Capital

  7. The New Zealand Private Equity Industry Today:Infrastructure but

  8. Advisors “We’re expecting stocks to rally, but we don’t know which ones and when”

  9. Advisors Onshore 1 Offshore 2 All 2005

  10. Diversification I meant everything I said last night, especially the part about how diversifying your equity portfolio allows you to participate in growth potential

  11. The New Zealand Private Equity Industry Today:Diversification

  12. The New Zealand Private Equity Industry Today:Diversification

  13. Track Record “Very impressive. I’d like to find five thousand more like you.”

  14. The New Zealand Private Equity Industry Today:Track Record New Zealand mid market from inception to 31 March 2005 Source

  15. Track Record – International Comparison

  16. Summary Of Today • There is a growing market • There are experienced managers • There is the ability to diversify • There is today the infrastructure to support investors

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