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Hostplus rejects valuation worries with another $100m for start-ups

Source: afr.com afr.com
News Snapshot:

He said he was confident in the valuations across the VC firms HostPlus backed, and of significant assets, such as design software firm Canva. “[Recent falling valuations] is not a concern, but nor is it a blip, we expect this to happen periodically, and a super fund with broadly 50 years to accumulate wealth is a pretty long runway,” Mr Sicilia said. “In the financial year that’s just gone by the ASX tech index went up 32 per cent, but the year before that it was negative 36 per cent. You want me to take the negative 36 of the…

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