FAQ About Castlerock Private Business Investment Fund NZ

Frequently asked questions

Who invests in Castlerock?

We have a range of investors from high net worth individuals to family trusts, family offices, charitable & not-for-profits and institutional investors. Bancorp and Castlerock’s leadership are also investors. You’ll be in good company.

Is there a minimum investment required?

We are delighted to talk to any wholesale investor interested in finding out more about the Castlerock fund. Our investors typically make an investment of $100,000 or more but we are happy to discuss individual circumstances.

What is a Wholesale Investor?

The Financial Markets Conduct Act 2013 defines the criteria to be deemed a “Wholesale Investor”. In short, wholesale investors are either experienced or knowledgeable about investing, have net assets or control net assets with value or turnover exceeding $5 million or have an investment portfolio of $1 million or more. If you are unsure, give us a call. The Castlerock team can help you work out whether you are eligible.

Is there a minimum term to my investment?

When an investor wishes to exit, they notify Castlerock who uses its reasonable endeavours to facilitate the sale or redemption of shares at the current value. The Information Memorandum and Limited Partnership Agreement has more detail about how this works. You should discuss this with Castlerock to learn more.

How do dividends / distributions work?

Castlerock aims to pay distributions on or around the last day of each quarter. Whilst we have done this each quarter since inception, the timing and quantumm of distributions is not guaranteed. Some investors choses to receive shares in lieu of their cash distribution. Distributions are paid from the profits generated from Castlerock's portfolio businesses.

What do I own when I invest in Castlerock?

Investors become shareholders of Castlerock Limited Partnership. The fund owns Castlerock’s investments, which you can learn more about in our portfolio showcase.

Where can I learn more?

Castlerock’s Information Memorandum provides lots of useful information on the fund’s history, investment philosophy, and current investments. You can download it here.

You are also welcome to get in touch with the team at Castlerock to discuss any questions you may have. Our contact details are available here.