BIF – Updated Offer Documents

1.The Board of Directors of the Booster Innovation Fund,
2.
A change to Booster’s approved dispute resolution scheme provider, and
3.The Booster Innovation Fund Investment Committee to operate as Full Investment Committee and the
appointment of a new member.
Supplementary Information
Booster Innovation Scheme
Supplementary Document
13 June 2025
What is this?
This is a Supplementary Document for the Product Disclosure Statement dated 11 December 2024 (“PDS”) for the issue
of units in the Booster Innovation Fund.
This document is to be read together with the PDS.
This supplementary document replaces the supplementary document dated 1 April 2025 and 6 May 2025 lodged in
relation to the PDS.
This supplementary document has been prepared to update information regarding:
Diana Papadopoulos, Wellington (Alternate Director)
BCA (Hons)
Diana is an alternate director on our board of directors and Chief Executive Office of
Booster Financial Services Limited. Diana was previously the Chief Customer Officer.
Diana has 20 years of commercial experience across multiple functional areas.
Effective 30 April 2025, the ‘How to Complain’ section on page 57 of the PDS has been updated. Booster
Investment Management Limited (‘Booster’) has changed its dispute resolution scheme provider from Financial
Dispute Resolution Services to Financial Services Complaints Limited. The changes are as follows:
Include:
Approved dispute resolution scheme
Booster and Public Trust are both members of an independent approved dispute resolution scheme run by Financial
Services Complaints Limited (FSCL). If we haven’t been able to come to a suitable resolution to your complaint
with you, you can talk to FSCL who will assist you. FSCL will not charge you a fee to investigate or resolve your
complaint.
You can contact FSCL at:
Level 4, 101 Lambton Quay
Wellington 6011
PO Box 5967
Wellington 6140
Phone: 0800 347 257
Email: complaints@fscl.org.nz
Web: www.fscl.org.nz
From 1 April 2025 an update to the Booster Innovation Fund Board of Directors on page 38. This now includes
Diana Papadopoulos’s appointment as an Alternate Director of the Manager’s Board of Directors. The changes are
as follows:
Include:
1.
2.

Remove:
If your complaint can’t be resolved, you can refer it to one of the following approved dispute resolution schemes.
They won’t charge you a fee to investigate or resolve your complaint.
Booster’s approved dispute resolution scheme
Financial Dispute Resolution Service
Level 4, 142 Lambton Quay
Freepost 231075
PO Box 2272
Wellington 6140
Phone: 0508 337 337
Email: enquiries@fdrs.org.nz
Web: www.fdrs.org.nz
Public Trust’s approved dispute resolution scheme
Financial Services Complaints Limited
Level 4, 101 Lambton Quay
PO Box 5967
Wellington 6140
Phone: 0800 347 257
Email: complaints@fscl.org.nz
Web: www.fscl.org.nz
Effective from 5 June 2025, the Booster Innovation Fund Investment Committee will no longer operate as a sub-
committee of the Booster Investment Committee and will fulfil the full investment committee role for the Booster
Innovation Fund with reporting obligations to the Board. Daniela McKenzie has been appointed as a full member of
the Booster Innovation Fund Investment Committee and removed from the Advisors team. John Selby has also been
removed from the Advisors team. New appointments to the Advisor team will be disclosed in due course and in the
interim the Fund’s Investment Committee will fulfil their roles. The changes in the PDS are as follows:
(On page 11) Include:
Changes to the SIPO and Investment Strategy
The SIPO and investment strategy for the Fund are reviewed on at least an annual basis by us or where a significant
event has occurred that would necessitate a review, such as a change in legislation.
Any changes are formally approved by BIF Investment Committee.
Remove:
Changes to the SIPO and Investment Strategy
The SIPO and investment strategy for the Fund are reviewed on at least an annual basis by us or where a significant
event has occurred that would necessitate a review, such as a change in legislation.
Any changes are formally approved by Booster’s Investment Committee.
(On page 37) Include:
The BIF Investment Committee is responsible for the Fund’s investment strategy, including establishing and
monitoring relationships with investment partners, portfolio allocation, and investment decisions and ongoing
monitoring for direct investments.
Remove:
The Investment Committee is responsible for the Fund’s investment strategy, including establishing and monitoring
relationships with investment partners, portfolio allocation, and investment decisions and ongoing monitoring for
direct investments. Investment decisions and monitoring is delegated to a specialised investment sub-committee to
reflect the specialist expertise required in this sector.
(On page 38) Remove:
The Advisors section including the individuals Daniela (Dana) McKenzie and John Selby.
3.

(On page 39) Include:
The heading The BIF Investment Committee.
And the following wording under The Booster Innovation Fund Investment Committee, next to David Beattie:
Daniela (Dana) McKenzie, Auckland (Investment Committee Member)
MA, BSc
Dana is an experienced entrepreneur, advisor and recognised member of the innovation and
entrepreneurship ecosystem. For over 20 years Dana’s career has taken her from her native
Romania to America, Switzerland, France and New Zealand. Her specialty is working at the
intersection of technology and science. Experienced in taking innovations to the world, in
different markets, helps Dana have a pragmatic assessing and guiding approach to the start-
ups that attempt the same with limited financial resources. In New Zealand since 2014, Dana
has made several investments in early-stage companies and is an experienced director having
served on their Boards. Dana holds an MSc in Computer Science from University of Colorado
in Boulder and an MBA from IMD in Lausanne, Switzerland and is currently Head of Global
Partnerships at Ara Ake, a business driving growth and adoption of new and emerging energy
technologies.
Remove:
The heading The Booster Innovation Fund Sub-Committee