Punakaiki Fund Limited makes long-term investments into high-growth, revenue-generating New Zealand companies. We hold $47 million in assets (June 2019) and have investments in 20 Portfolio Companies.
June 2019 Wholesale Offer
The June 2019 Wholesale Offer is open to eligible investors.
The relevant wholesale IM is available here: Punakaiki Fund Wholesale IM – June 2019
As at 26 June 2019, the iNAV per share is $22.55 and the offer price is $22.50 per share (including 3% brokerage).
The 2018 Retail Offer to the Public
The 2018 public offer is now closed. To receive information about future offers, please sign up to our mailing list.
Read our Product Disclosure Statement to find out more: Punakaiki Fund PDS 2018
Board of Directors
Our Board of Directors bring depth and diversity of experience to their roles, including involvement in asset management, early stage companies and various legal and regulatory environments.
The Board’s core responsibility is approving and monitoring adherence to the investment objectives, risk management strategies, policies and philosophies of Punakaiki Fund, and to ensure Punakaiki Fund meets its statutory obligations. Part of these core responsibilities include monitoring LWCM’s and Punakaiki Fund’s Performance…(read more)
Annual Report 2018
Recent public information on Punakaiki Fund is available in our 2018 Annual Report.
More useful information is available on our Investor page.. (read more)
Investment Approach and Performance
We believe that the following philosophies provide the greatest opportunity to generate significant returns for our Shareholders:
- New Zealand Focus: We believe that there are consistently large numbers of high quality New Zealand-based companies seeking funding, but that there is a general shortage of well-directed growth capital. We also believe that there are exploitable market inefficiencies for the supply of growth capital in New Zealand.
- High Growth Focus: We believe that well-selected high-growth companies can generate risk-adjusted returns for our investors that are higher than those from public markets.
- Investor of Choice for Founders: We believe that a founder-centric approach to investment and management attracts the best high growth investment opportunities to Punakaiki Fund.
- Attractive Portfolio: We believe that holding a highly regarded portfolio of investments attracts other highly regarded companies to seek investment from Punakaiki Fund.
- Long-term Investment: We believe that holding investments for the long-term delivers higher returns to our investors.
- Diverse Portfolio: We believe that portfolio diversification reduces the level of risk for a given amount of return.
Punakaiki Fund’s investments have delivered a Gross IRR of 21% (a 55% increase in value, all to 15 January 2019) based on assessed changes in fair market valuation, as well as dividends received and proceeds from investments sold. (read more).
For more detailed information, please check out our founding documents, annual reports, board members and other investment links in our Key Documents section.