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.