PRINT THIS PAGE ABN Amro Craig launches New Zealand's third retail private equity fund27/08/2004. Source: AltAssets. 
 ABN Amro Craig and Direct Capital are to jointly launch New Zealand's third retail private equity fund targeting $50m. The new venture follows Goldman Sachs JB Were's Hauraki Private Equity No 1 and No 2 Funds, which have raised a combined $100m.
The new fund is to target a wider range of retail investors that its predecessors, with a significantly lower investment threshold than the Hauraki Funds' $25,000 minimum commitment, according to New Zealand's National Business Review.
Only recently have New Zealand retail investors had the ability to invest in private equity, although such funds have been commonplace in other areas of the world for some time.
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