Tip Piumsomboon and Paul Booth have been elected to the council of the NZ Private Capital Association.
Tip Piumsomboon from Blackbird Ventures and Paul Booth from ASB have been elected to the council of the New Zealand Private Capital Association.
Fergus Lee from ASB and Tony Bishop from Pan Pacific Capital have stepped down after many years of service. Bishop has served on the council for 18 years, since the inception of the association in 2002.
Piumsomboon is a principal at Blackbird Ventures, a top venture capital firm seeding the likes of Canva, Zoox and Culture Amp. Blackbird has invested in more than 70 companies in a range of industries and typically leads Seed and Series A rounds with follow-on investments. Piumsomboon is based in New Zealand, along with Blackbird Partner Samantha Wong, to spearhead the $60 million fund dedicated to investing in Kiwi founders building world-class technology companies.
Piumsomboon started her career in the investment team at NZ Super Fund before automating her role in equities research at a fintech start-up, Simply Wall St.
Booth is head of capital markets and advisory at ASB and was previously the bank’s head of debt markets. His career includes stints in Europe and the Middle East.
NZ Private Capital executive director Colin McKinnon said: “Our new council members are advocates for private equity markets in New Zealand and share our understanding that private equity and venture capital firms accelerate the ambition of New Zealand business owners through operational improvement and investment performance.”
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