Punakaiki Fund Exceeds Expectations from Snowball Effect Offer

punakaikifund.co.nz

Punakaiki Fund has exceeded its Key Performance Indicators (KPIs) set as part of the June 2015 crowdfunding offer on private equity investment marketplace, Snowball Effect.

“Our Net Asset Value per share rose by over 26% in the 12 months after the offer, while in 2015 we appointed three new directors to the Punakaiki Fund board,” says Punakaiki Fund manager Lance Wiggs.

The results come after a strong year from the portfolio of 18 companies. “We invest in growth, and the hard work from the hundreds of people at these high growth  companies is paying off” says Wiggs.

“These new investments show the demand for our funds from great companies. Each of them is growing their revenue at a very high rate, and these and others would benefit from even more funding to accelerate that growth.”

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