Snowball offers managed funds

Previously, Snowball specialised in equity crowdfunding for high-growth New Zealand companies, raising more than $200 million on its platform from its 55,000 investors.

As a broader “investment platform”, Snowball investors can also access three funds: Federation Alternative Investments II from private equity firm Federation Asset Management, which offers exposure to Asia Pacific mid-market private companies, the Salt Long Short Fund, managed by Salt Funds, and Private Debt Fund from Private Capital Group.

Director of Private Markets Bill O’Boyle said the company looked at what more they could offer investors and saw an opportunity to remove some of the barriers to investment in other asset classes.

“Private equity is a very strong performing asset class.”