DFC New Zealand Limited was a state-owned enterprise that existed from 1964 to 1991, to provide venture capital and financial advice to industry.
The Development Finance Corporation was established in 1964 as a joint venture between the New Zealand Government, the Reserve Bank of New Zealand, and the major trading banks of the time.
[2] Under the State Owned Enterprises Act 1986, it was corporatised as DFC New Zealand Limited.
[2] DFC New Zealand Limited was placed into statutory management in 1989 and liquidated in 1991, after ill-fated investments in property speculation saddled it with a mountain of bad debts.
[4][1][2] A successor of sorts, the New Zealand Venture Investment Fund, was established in 2001.