Origin Capital Fund 2 

  Agri-Business  

  

  Origin Capital Partners Management Limited  

WARNING

The law normally requires people who offer financial products to give information to investors before they invest. This information is designed to help investors make an informed decision.

If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information.

You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.

Overview

The Opportunity exists for wholesale investors to express interest in Origin Capital Fund 2.

In 2021, Origin Capital Partners (“OCP”) raised its first fund, focussed exclusively on investment in the New Zealand kiwifruit sector. Origin Capital Fund 1 – The Kiwifruit Fund (“Fund 1”) consists of 153 investors, with $85m (NZD) of committed capital. Fund 1 has a mandate to invest exclusively in the SunGold variety.


Origin Capital Fund 1 was raised with a simple value proposition – to provide an entry point for investment into a strong, stable and sustainable sector managed by an experienced and connected team with a track record of operational excellence, enabling consistent returns from land assets at above industry average levels. Our representation to investors was that a committed fund is the optimum vehicle structure for investment in the kiwifruit sector, as it provides benefits of scale, diversity and the ability to move quickly to acquire the right investments.


That value proposition promised has been delivered in the Fund’s first year:

  • As at May 2022, the Fund had acquired or developed nine high quality kiwifruit orchards throughout Bay of Plenty, Gisborne and Kerikeri, comprising 102 canopy hectares in total. The Fund is now 95% deployed;
  • The Fund is now Zespri’s 11th largest shareholder;
  • The Fund paid a $3.0m distribution to investors six months after closing, representing a 7.2% cashflow yield on an annualized basis(1) ; and
  • In February 2022, independent valuations of the Fund’s portfolio assets were completed, demonstrating a total return to investors(2) of approximately 25% in the Fund’s first year.

In March 2022, Origin Capital Partners successfully raised $37m of investor capital and completed its first close of Origin Capital Fund 2 – The Red, Gold & Green Fund (“Fund 2”). Fund 2 will also be focused exclusively on the New Zealand kiwifruit sector, where we continue to see attractive growth prospects for the industry. Fund 2 will invest in all three Zespri varieties – RubyRed, SunGold and Green – and will also invest in Zespri shares.


Fund 2 has had a busy start. Since first close in April, it has it’s first orchard under contract, it has secured all RubyRed and SunGold licence necessary for its upcoming development plans, and it has invested in Zespri shares.


Fund 2 has now reopened for investment and is expected to close at $50m, with applications for the Fund’s final close due no later than June 30th. We encourage investors who wish to learn more about opportunities to invest with Origin Capital Partners to touch base with the team at any time.



Issue Type:
Agri-Business
Sector:
Horticulture
isEOI: true

Investment Details

Investment Type: Wholesale

Wholesale Investment Type: NZ Wholesale MIS

Transaction Size:NZD 50,000,000.00

Committed Capital: 

Pre-money valuation: 

Minimum Capital Raise: 

Share Price:NZD 1.00

Unit Price:NZD 1.00

Minimum Investment Size:NZD 200,000.00

Advisor

Origin Capital Ptnrs

Website: https://www.origincapitalpartners.co.nz/

Email: [email protected]

Phone:029 123 7732

Document Name Description Date Uploaded
Origin Capital Partners Information Pack 2 May 2022 Preview/Download
Origin Capital Partners Fund 2 18 February 2022 Preview/Download
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Origin Capital Partners Management Limited

 
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