FUND
MANAGE-MENT & SUPPORT
Point16 supports, partners and has co-founded both Private Equity and Venture Capital funds. We implement fundraising, investor management, due diligence, acquisition, and compliance processes for funds. We can also deploy our people, principles and protocols into invested companies to support their sustainable growth.
Private Equity (PE) or Venture Capital (VC) is the process in which a management team that represents a group of investors makes business investment decisions with the intention of a desired financial return. This return is typically a balance of time and risk.
Fund Management & Support
What we do
Sustainable Lifestyle Fund
In 2019, the Point16 directors established the Sustainable Lifestyle Fund (SLF), a boutique private equity fund with a difference. SLF would buy and hold small / medium traditional kiwi businesses and support the management of them for long term, high yield dividends for investors while demonstrating sustainable business practices for its people and environment with practical success.
The fund would buy great kiwi businesses that were currently profitable, with a tangible product, happy customers, and core team with optimal leverage levels. They would have profitable cashflow to pay down debt and deliver dividends and cover a range of industries that were hard to disrupt and could succeed in tough economies.
Point16 would support management development, strategy deployment and insert mode.
Today P16 supports SLF by:
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Running effective board meetings for the OpCos and the fund
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Building powerful business strategies
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Coaching GMs and leadership teams for accountability and business brilliance
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Delivering strategic projects: process change, ops excellence, IT upgrades, market entry, R&D program, business case for major capex, etc.
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Running a federated CFO and HR function
Since the end of 2019, the Fund Unit value has doubled, and we have achieved our revised annual dividend goals. We are on target to achieve 35 – 50% annual dividends from FY25.
Point16, in association with Icehouse Ventures, founded and manage the NZ Fintech Fund (NZFF), NZ’s first fintech dedicated venture capital fund designed to invest capital, connections and business support to early stage kiwi finance technology businesses.
Early stage fintech’s are underserved in NZ, recieving only 9% of capital investments compared to the average 17% globally*.
Finance regulation and finance industry economics are more complex than mainstream SaaS or consumer tech creating an opportunity gap for experienced and connected venture capital to accelerate these fintech businesses.
The New Zealand Fintech Fund (continued)
2024 is an exciting time for finance regulation with upcoming changes to consumer data rights (CDR) and a precursor to open banking. Markets that have enabled CDR and open banking have seen a significant rise in fintech innovation.
Point16 & Icehouse Ventures are currently raising capital for Fintech Fund 1, a $10m fund, from eligible wholesale investors.
Click here for more information on the fund.
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Sustainable Lifestyle Fund
In 2019, the Point16 directors established the Sustainable Lifestyle Fund (SLF), a boutique private equity fund with a difference. SLF would buy and hold small / medium traditional kiwi businesses and support the management of them for long term, high yield dividends for investors while demonstrating sustainable business practices for its people and environment with practical success.
The fund would buy great kiwi businesses that were currently profitable, with a tangible product, happy customers, and core team with optimal leverage levels. They would have profitable cashflow to pay down debt and deliver dividends and cover a range of industries that were hard to disrupt and could succeed in tough economies.
Point16 would support management development, strategy deployment and insert mode
-
Today P16 supports SLF by:
-
Running effective board meetings for the OpCos and the fund
-
Building powerful business strategies
-
Coaching GMs and leadership teams for accountability and business brilliance
-
Delivering strategic projects: process change, ops excellence, IT upgrades, market entry, R&D program, business case for major capex, etc.
-
Running a federated CFO and HR function
Since the end of 2019, the Fund Unit value has doubled, and we have achieved our revised annual dividend goals. We are on target to achieve 35 – 50% annual dividends from FY25.
What we do
We use our proven business tools, practices, and philosophy to manage investment funds. The insight into the fundamentals of brilliant business gained from working with our many clients, guides investment decisions and portfolio choice. Over the last five years we’ve curated our network with banks, Family Offices, and angel investors. This means that whether we’re founding, partnering, or supporting a fund we bring access to capital along with smart governance, and bespoke investment strategy.
NZFF leverages our team’s finance industry expertise. We’ve studied open banking trends globally and have successful angel-level fintech portfolios. In 2023 while actively supporting early stage fintechs to raise capital we realised there was a gap in the NZ VC. We explored options to see how this could be fixed, and in late 2023, Point16 partnered with Icehouse Ventures to launch the NZ Fintech Fund. The fund went live in January 2024.
SLF leverages our long track record of advising small businesses. Point16 has already helped over 100 small and medium business owners to achieve their goals, through strategy, amazing management and leadership coaching. Many clients have seen amazing growth, or have learnt to run their business more elegantly with our help. Often both. We realised that we could use these same tools and techniques – which we are starting to call ‘business brilliance’ – in companies that SLF owned. This created an opportunity for investors to share in the growth, and for owners who wanted to retire while leaving their legacy and their teams in good hands.
