The fund
Castlerock is an evergreen private equity fund backed and managed by Bancorp, a leading New Zealand investment and advisory group. We invest for the long term, with no fixed fund life and no pressure to exit before the time is right.
Launched in 2016, the fund targets established, well-managed New Zealand businesses with strong cash flow, sector leadership, and growth opportunities. Our portfolio encompasses food and retail, consumer services, import and distribution, wholesale, and impact-driven volunteer and internship travel, all grounded in the real New Zealand economy.
The fund is led by Castlerock’s investment team, supported by Bancorp and the Castlerock Board and Investment Committee.
# Castlerock is an NZTE-approved AIP+ visa-managed fund under the Growth category.
Castlerock invests in well-managed New Zealand businesses with reliable cash flow and growth opportunities. The focus is on direct investment in established, quality companies with substance, resilience, and long-term potential.
We partner with proven businesses that are already delivering and are ready to take their next step with the proper support.
Castlerock’s evergreen structure allows us to invest with discipline and patience, supporting enduring businesses, reliable returns, and the long-term interests of our investors.
Partnership, performance, and purpose define our approach. We work shoulder-to-shoulder with business owners, management teams, supporting growth, guiding succession planning, and helping ensure the legacy of what they’ve built endures. Through operational input, strategic clarity, and access to a shared ecosystem of advisors, we bring more than capital.
Because good businesses deserve time to become great ones, and their stories deserve to continue. In doing so, we help Kiwi SMEs continue to grow, while offering investors meaningful access to New Zealand’s private market.
Bancorp has been active in New Zealand’s merchant banking and private equity markets for over 30 years. With a history of disciplined execution, innovation, and strong investor relationships, Bancorp brings a depth of experience across wealth management, treasury, and corporate finance.
The group operates in New Zealand and Australia, with affiliations spanning Asia, the UK, Europe, and North America. Over time, Bancorp has built a successful record of direct private equity investment, backing businesses with substance and sustainable value.
As Castlerock’s founding partner and fund manager, Bancorp provides the platform, stability, and strategic alignment to support our evergreen investment approach.