We invest with the philosophy of owning stable, established, well-managed businesses that have a history of strong performance and the ability to continue to grow. We work collaboratively with management teams, and other shareholders and stakeholders, to grow and sustain the success of our portfolio companies.
Get the best of both worlds
Castlerock targets both cash yield and long-term capital growth. We target an 8.0% return on the fund’s value each year. Since inception in 2017, we have provided investors with total returns of 10% p.a., with a cash yield exceeding the target return at 11% p.a.. Returns may vary and are not guaranteed.
Put your money straight to work
Unlike other private equity funds, at Castlerock we don’t buy businesses to build and then sell. We select and partner with businesses that have already grown to the point where they can sustainably make distributions of profit to shareholders. This means, no matter when you invest, you’ll qualify to receive distributions alongside our current investors immediately. Castlerock has made distributions every quarter since inception in 2017, however distributions are not guaranteed and may vary.
Designed for wholesale, charity, and not-for-profit investors
In addition to providing exposure to a set of diversified NZ businesses, Castlerock aims to provide an investment with liquidity options, cash yield, a tailored tax structure and long-term capital growth.
Backed by a strong team
Growing fund: now $40m+
Castlerock accepts new investment every quarter.
Target: 8.0%+ cash return
Each year, Castlerock aims to provide investors quarterly distributions targeting an 8.0% cash return each year. Since inception, our quarterly distribution have provided original investors a 11% IRR* (in addition to any capital growth).
Strong delivery: 10% IRR*
Over the life of Castlerock’s fund, it has delivered a 10% IRR to investors through a mixture of cash distributions and capital growth.
All of the fund’s portfolio assets are profitable and cash generative, and Castlerock receives regular distributions from the portfolio that cover the distributions made to investors.
* Annualised cash and total returns are calculated using an internal rate of return (IRR) formula which considers the amount and timing of cash flows (share purchases and redemptions, and cash distributions) and the Castlerock share price at the time of the calculation. Capital growth reflects the growth in share value over time (and is the difference between total and cash returns). The returns presented above cover the period from 1 October 2017 (when Castlerock launched to external investors) to 30 September 2024.
We buy Kiwi businesses based on real cashflow not pipe dreams
At Castlerock we aim to acquire profitable established businesses at the forefront of their sectors – we don’t invest in start-ups, venture-stage or capital-intensive businesses. We target businesses with a proven track record of strong management delivering high cash yields and growth opportunities.
Our portfolio currently contains six well-recognised businesses, and we are continually looking for potential new additions that meet our investment criteria.
