New Zealand capital markets continued to show a low level of activity in 2023 with respect to new listings. The outlook for the next six months remains neutral as a result of current global macroeconomic factors, with levels of optimism increasing in future years.
Private capital remains a significant contributor to the New Zealand capital market eco-system. In the current environment of increased global economic uncertainty, private equity and venture capital fund managers can provide much needed expertise and assistance to founders and managers, as well as additional capital support.
We see private capital continuing to play an important role throughout the coming year, particularly as businesses face continued global geopolitical tensions, inflation pressure and high interest rates. This will see many businesses look to equity to both shore up their businesses and provide for more flexible growth.