Castlerock Partners Fund
Managed by Castlerock Partners
Overview
The Castlerock Partners Fund is an evergreen, open-ended private equity fund managed by Bancorp in Auckland, investing in New Zealand businesses with long-term growth prospects and enterprise values typically above a defined threshold. The fund follows a distribution-focused strategy, targeting a regular income return on fund value alongside long-term capital growth. It is open to wholesale and eligible investors only, with investors typically making a meaningful minimum commitment. The fund appears on the NZTE Acceptable Managed Funds list under the growth category.
Fund Overview
Evergreen private equity fund managed by Bancorp. Invests in NZ businesses with long-term prospects and enterprise values typically over $5M. Distribution-focused: targets 8% p.a. annual return on fund value plus long-term capital growth. $100,000 minimum (Bancorp discusses individual circumstances). Wholesale investors only.
Asset Class
Private Equity
Structure
Evergreen
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Quick Info
This information is for wholesale investors only and does not constitute financial advice. All investments carry risk. Please seek professional advice before making investment decisions.
Frequently Asked Questions
What is Castlerock Partners Fund?
Evergreen private equity fund managed by Bancorp. Invests in NZ businesses with long-term prospects and enterprise values typically over $5M. Distribution-focused: targets 8% p.a. annual return on fund value plus long-term capital growth. $100,000 minimum (Bancorp discusses individual circumstances). Wholesale investors only.
Who manages Castlerock Partners Fund?
Castlerock Partners Fund is managed by Castlerock Partners (FSPR FSP1008633, NZBN 9429042428749) based in Auckland. Manager registration on the Financial Service Providers Register is a legal requirement under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and does not itself constitute an endorsement.
What asset class is Castlerock Partners Fund?
Castlerock Partners Fund is classified as Private Equity on Wholesale Investor NZ. Asset-class classification reflects the fund's stated investment focus per its Information Memorandum and is provided for navigation purposes only — review the IM for the full strategy and risk profile.
Is Castlerock Partners Fund evergreen or a closed-end fund?
Castlerock Partners Fund is an evergreen fund — it is permanently open for subscription rather than running on fixed vintages. New investors can typically apply at any time subject to capacity, manager discretion, and the fund's stated subscription windows. Redemption terms are set in the Information Memorandum and vary by fund.
What is the minimum investment in Castlerock Partners Fund?
Minimum investments across Castlerock Partners Fund's currently listed offers range from NZ$100K. Minimums are set per offer and may change for new vintages — confirm the current minimum in the relevant Information Memorandum before subscribing.
Is Castlerock Partners Fund wholesale-only?
Yes — Castlerock Partners Fund is offered on a wholesale-only basis under Schedule 1 of the Financial Markets Conduct Act 2013. Subscription requires self-certification under one of the seven Schedule 1 pathways (typically the NZ$5M net-assets "large person" pathway or an accountant- or lawyer-signed eligible-investor certificate per Clauses 38-40). Wholesale-only funds do not publish a retail Product Disclosure Statement and do not appear on the Disclose Register.
Is Castlerock Partners Fund eligible for the Active Investor Plus (AIP) visa?
Castlerock Partners Fund is flagged as AIP-eligible on Wholesale Investor NZ, indicating it appears (or has appeared) on NZTE's Acceptable Managed Funds list for AIP visa applicants. The visa requires NZ$5M (Growth Category, 36-month hold) or NZ$10M (Balanced Category, 60-month hold) in acceptable investments held continuously for the full period. Eligibility determination sits with NZTE + Immigration NZ — verify against the live NZTE list before relying on this classification, and see our AIP eligibility guide for the full statutory framework.
When was Castlerock Partners Fund launched?
Castlerock Partners Fund was launched in 2017. Operational tenure is one input to evaluating manager track record but does not itself indicate likely future performance — past performance is not a reliable indicator of future returns per FMA fair-dealing guidance. Request audited financial statements covering the full operating period before subscribing.
Where can I read the IM or PDS for Castlerock Partners Fund?
Castlerock Partners Fund is a wholesale-only fund and the manager does not publish a retail-accessible Information Memorandum on Wholesale Investor NZ. Wholesale-only funds typically share the IM directly with prospective investors after a Schedule 1 self-certification under the Financial Markets Conduct Act 2013. Contact the manager to request the IM and the certification process.