Pencarrow Funds I, II, III and IV have been successfully deployed and investor capital has been returned well ahead of target return hurdles.
We are managing a portfolio of assets invested from Pencarrow Bridge Fund (2016 vintage), Pencarrow Fund V (2018 vintage) which are both now closed to new investments. We are currently deploying Pencarrow VI (2022 vintage), which comprises $300 million in committed capital. This fund is available to be invested into established New Zealand domiciled businesses that have positive cash earnings.

Pet Direct is an online retailer of third-party branded pet specialty products, including food, health, toys and accessories.
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Shoof International is New Zealand’s leading importer, manufacturer, and distributor of farming and animal equipment across farm animal and maintenance, home and hobby, companion animal and vet professional product groups.
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Pacific Clinical Research Network (PCRN) is a site management organisation that performs clinical trials.
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The Interiors Group is New Zealand’s largest specialist provider of flooring and window furnishings operating through both company owned and franchised stores. The Interiors Group operates through the Carpet Court, CurtainStudio and The Floor Store brands, and offers a wide range of exclusive and own branded products.
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Skin Institute is New Zealand's leading provider of dermatological, skin cancer, cosmetic surgery, vein and appearance medicine services and treatments.
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New Zealand Frost Fans designs and manufactures frost protection solutions for a wide range of crops, including grapes, nuts, apples, citrus and avocados.
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RedShield is a provider of advanced shielding and protection for web applications and application programming interfaces.
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Avanti is a leading New Zealand non-bank lending institution that provides a range of consumer loan products.
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Seequent is a world leader in the visualisation and interpretation of geological data for applications in the mining, minerals, energy, civil and environmental industries.
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The Collective is a leading manufacturer and distributor of gourmet yoghurt and related products through the grocery channel.
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Netlogix is a technology-enabled freight logistics company that connects independently contracted freight carriers with customer freight demand to optimise customers’ freight tasks.
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Essano is a leading producer of personal products including natural skincare and haircare.
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MMC is New Zealand’s leading provider of full outsourced investment administration services.
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BeGroup provides affordable and modern retirement villages with a full range of care options, strong ties to the local community and an emphasis on helping residents enjoy life to the fullest extent possible.
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Icebreaker is a premium outdoor activewear company that prides itself on using natural fibres and adhering to environmental and social ethics.
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Under Pencarrow's ownership Umbrellar was New Zealand’s largest domain name registrar and cloud hosting company. The Group operated a network of data centres providing distributed high availability and fault tolerant cloud services. Umbrellar has more than 75,000 customers.
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BrewGroup, formerly the Bell Tea & Coffee Company, was founded in Dunedin in 1898. Today it is a market leader in the New Zealand hot beverage industry, with a portfolio consisting of coffee and tea products and coffee equipment brands.
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