Simon Botherway is set to become the independent chair of brokerage firm BlackBull Markets after acquiring a stake in the company. Additionally, Milford Private Equity Fund III LP has also obtained a shareholding, leading to the appointment of Brooke Bone, an investment director in Milford Funds’ private markets team, to the BlackBull Markets board.
Botherway, who previously served as the chair of the Financial Markets Authority establishment board and as the guardian of the NZ Super Fund, expressed admiration for BlackBull Markets’ achievements thus far. He stated his confidence in the company’s potential for significant growth both locally and internationally. Botherway eagerly anticipates joining the BlackBull Markets board to assist the company in its next phase of expansion.
Tom Monti, the investment manager of Milford’s private markets team, expressed excitement about collaborating with BlackBull Markets. Monti highlighted the shared commitment to New Zealand’s capital markets and delivering value to clients. He believes that BlackBull Markets is well-positioned to continue its growth and success, and looks forward to working with the management team to achieve their strategic objectives.
Milford Private Markets manages two private equity funds that focus on investing in medium-sized growth companies in New Zealand and Australia across various sectors such as technology, education, tourism, and high-value horticulture. Milford’s KiwiSaver Plan Aggressive Fund is a key investor in Milford Private Equity Fund III LP.
