# Punakaiki Fund

Punakaiki Fund is a Venture Capital based in Spring, New Zealand.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Spring, New Zealand
- **Region:** Oceania
- **Address:** Spring, New Zealand
- **Founded:** 2011
- **Assets under management:** NZD 100-250 million (Altss estimate)
- **Website:** punakaikifund.co.nz
- **LinkedIn:** https://www.linkedin.com/company/punakaiki-fund

## Regulatory record

- **Reports private funds:** No

## About

Punakaiki Fund invests in global technology, Internet, and design-led companies. They invest early, reinvest when merited, and hold long-term. The firm has made 53 investments, including a Series A investment in Hectre on February 11, 2026.

## Sectors

- Enterprise Software
- AI/ML
- ClimateTech
- Digital Health
- Cybersecurity
- FinTech

## People

- Mick Liubinskas — Chief Investment Officer
- Michael Murphy — Chief Executive Officer

## Questions

### Who runs investment decisions at Punakaiki Fund?

Investment decisions are led by Chief Investment Officer Mick Liubinskas, alongside CEO Michael Murphy. The team sources deals through founder relationships and the New Zealand startup ecosystem.

### Does Punakaiki Fund operate as a standard venture capital fund?

No. Punakaiki is structured as a permanent capital vehicle, not a closed-end fund. This enables patient, long-term holdings without pressure to return capital within a typical 10-year timeframe.

### How does Punakaiki source proprietary deal flow?

Deal flow comes primarily through the firm's network in the New Zealand tech ecosystem, including founder referrals, angel groups, and partnerships with government innovation agencies.

### Which sectors does Punakaiki explicitly avoid?

The fund avoids capital-intensive sectors like biotech, hardtech manufacturing, and real estate. It concentrates on capital-efficient, globally scalable software and climate tech.

### Is Punakaiki Fund related to any larger financial group?

No. Punakaiki is an independent venture firm with no parent company or affiliation to a larger asset manager. Its limited partners are primarily NZ-based family offices and entrepreneurs.

## Related profiles

- [Everglades Capital Group](https://altss.com/profile/everglades-capital-group)
- [Catalyze Inc.](https://altss.com/profile/catalyze-inc)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/punakaiki-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology