Hon STUART NASH: To date, the Elevate fund has made total commitments of $157 million in crowded and over $430 million of private capital, including investments from New Zealand Super Fund and Kiwi Wealth. This has resulted in almost $600 million available to invest in promising New Zealand companies at the venture capital stage, which is, by far and away, the largest amount we have seen invested in the New Zealand venture capital stage in the last 10 years. The Aspire fund invested $10.8 million into 14 new investments in the 2021 financial year, a notable increase on prior years.