Castlerock is an open-ended income oriented private equity fund that invests for the long term.
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.

Castlerock is a private business investment fund – designed with the needs of wholesale investors in mind.

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 11.0%, made up of a 11% cash IRR and modest capital growth. Returns may vary and are not guaranteed.

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.

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.

Backed by a strong team

Castlerock is backed and managed by Bancorp, a leading Investment bank based in Auckland. A growing number of high-net-worth, family office, charitable trust and other wholesale and institutional investor groups have joined Bancorp and Castlerock’s leadership as investors. Day-to-day, Castlerock is managed by an experienced team, so you can be sure that you’ll be in good company.