Private Equity Funds
An opportunity for New Zealanders to invest in a diversified
portfolio of private businesses.
To enable retail investors to participate in the New Zealand private equity market Craigs Investment Partners and Direct Capital have established the Pohutukawa Funds - a professionally managed private equity programme for the retail investor.
By pooling capital and engaging an experienced manager, a Fund is able to achieve the financial strength and investment expertise needed to successfully participate in private equity investment.
The Offer for Pohutukawa I successfully closed on the 8 October 2004 with $53 million raised, including $13 million in oversubscriptions, with approximately 1750 shareholders in the Initial Public Offering. Pohutukawa I made 12 investments with all investments now realised. Pohutukawa I returned $1.87 for every $1.00 of invested capital for a net internal rate of return of 12.6% pa over the 15 year life of the Fund.
The Offer for Pohutukawa II successfully closed on the 27 February 2009 with $82.5 million raised, including $22.5 million in oversubscriptions, with approximately 1850 shareholders in the Initial Public Offering.
The Pohutukawa V offer successfully closed on the 19 December 2016 with $50 million raised. The offer was significantly oversubscribed.