Voth Nixon Group announced the launch of a new $95m fund which will assist rapidly growing technology companies reach the next level.
This new fund will support some of the most dynamic local technology enterprises and also foreign companies seeking to outsource and establish branches in Hong Kong, lending up to $6m returnable over a period of 5 years. These types of loans have not been generally available to companies in Hong Kong, whereas European and US businesses were able to achieve fast levels of growth due to their access to debt finance.
Due to the fact that technology companies achieve a superior level of growth than the average 15 years necessary for a traditional firm to achieve similar results, it is projected that they will benefit greatly from access to debt finance as opposed to selling equities. In turn this will give entrepreneurs the opportunity to maintain control of their company’s progress and focus on stimulating growth.
A recent Voth Nixon Group study demonstrates that Hong Kong technology firms stand to grow approximately three times faster than they did prior to this fund becoming available.
“The launch of this new fund will provide much needed capital assistance to developing Hong Kong technology companies and will offer an important incentive for their growth into larger enterprises” said Ludwig Voth, Chairman and CEO of Voth Nixon Group. “One of our aims is to provide the same sort of pro-growth financial support that European and American companies are already benefiting from”.
“Small and midsized enterprises as well as entrepreneurs are significant elements of Hong Kong’s economy with the technology sector representing a veritable breeding ground for such gifted individuals and companies. The fast development we have been observing stands to surpass previous predictions with massive international investments into Hong Kong based technology firms being expected in the coming years” commented Alexander Wong Voth, Chief Financial Officer of Voth Nixon Group.
VOTH NIXON GROUP is a global asset administration group, managing capital for both institutional and retail investors across the world. Our aim is to provide solid fund performance across various asset types in which we know we have a viable competitive edge. At VOTH NIXON GROUP your goals are important to us. We understand the financial challenges that make it difficult to achieve your targets, and we’re qualified to provide the assistance you need. We believe your financial progress, regardless of your present situation or economic condition is achievable.
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