Banga to step down as NZVIF chief
Long-serving exec has held role since 2001.
Franceska Banga, chief executive of the New Zealand Venture Investment Fund since its establishment in 2001, is to depart the role next year.
The long-serving executive’s exit was announced by chairman Murray Gribben today.
“Franceska has been an outstanding CEO for NZVIF and a leader for the venture capital and angel fund sectors in New Zealand,” he says.
“She was involved in the design of NZVIF from before it was established with $100 million of investment capital. It is now managing around $280 million, which is being invested through venture capital funds and alongside angel networks.”
The NZVIF gets government money to invest in a range of private sector venture capital funds.
Since 2001 it has invested $149.1 million. Its portfolio is currently worth $155m.
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Banga to step down as NZVIF chief
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