Pencarrow Private Equity
Private equityAuckland · Growth–Late Stage · 9 people tracked
Investment thesis
Pencarrow partners with established mid-sized New Zealand companies that have strong management teams and founders and a clear, sustainable competitive advantage. The firm brings a team of investment professionals with backgrounds spanning private equity, corporate finance, investment banking, governance and operational management, providing skills complementary to those of the founders, senior leaders and fellow shareholders within its portfolio companies. With a track record dating back to 1993, Pencarrow emphasizes delivering strong returns to investors across economic cycles.
Source: firm website, verified Aug 3, 2026.
Team · 9 people
from the firm's website
What they invest in
from 17 of 19 portfolio companiesConsumer ×6Healthtech ×5SaaS ×5Direct to Consumer ×4AgTech ×3Enterprise Software ×3Advanced Manufacturing ×2Biotech ×2
HQs:New Zealand×16
Investments · 19 tracked
founders shown can be your intro pathAlleva Animal Health develops and supplies parasite control products for livestock and pets, sold through rural veterinary practices, with brands including BOSS, CATOLYST, TURBO, and EPRISURE.
AgTechBiotechHealthtech
BeGroup operates retirement villages in New Zealand, offering independent living and care alongside amenities such as cafés, gyms, pools, dining, and on-call care services.
ConsumerHealthtechPropTechWellness & FitnessNew Zealand, NZ
Guy Eady(Director and CEO)Angela Kneeshaw(Chief Financial Officer)Martin Taylor(Chief Operations Officer)Brett Meyer(Chief Property Officer)
Bell Tea is a New Zealand tea company that sources teas, fruits, and herbs globally and blends them locally to create tea products for New Zealand consumers.
ConsumerDirect to ConsumerFoodTechNew Zealand, NZ
Norman Harper Bell(Founder)
essano is a skincare and haircare brand offering products such as collagen-boosting serums, moisturisers, cleansers, facial oils, and natural deodorants, with formulas backed by independent and third-party testing.
ConsumerDirect to ConsumerWellness & Fitness
Apex Group's New Zealand operation provides fund administration, custody, registry, wealth administration, fund hosting, and distribution services, along with digital banking, depositary, fund raising, and ESG ratings and advisory solutions.
Enterprise SoftwareFintechSaaSWellington, NZ
Nick Happell(Regional Head - ANZ)Donna Mason(Country Head - New Zealand)Thomas O'Neill(Head of Business Development for Australia and New Zealand)
Momentum Clinical Research (formerly PCRN) operates a network of 19 clinical research sites across Australia and New Zealand, conducting phase I to IV clinical trials across most therapeutic areas.
BiotechDigital HealthHealthtechMedical DevicesAuckland, NZ
FrostBoss (New Zealand Frost Fans) designs and manufactures multi-blade frost fans and the FrostSmart monitoring app to protect orchards and vineyards from frost damage.
Advanced ManufacturingAgTechClimate TechHardwareHawkes Bay, NZ
Petdirect is an online pet store in New Zealand selling curated pet food, treats, toys, and accessories, along with pet care advice.
ConsumerDirect to ConsumerE-commerceRetail TechAuckland, NZ
Dave(CEO)Kelvin(Chief Finance Officer)
Seequent develops geoscience and geotechnical software, including its Leapfrog 3D geological modelling product, that helps organizations interpret and model the subsurface for sectors such as mining, groundwater, and geothermal energy.
Deep TechEdTechEnergyEnterprise SoftwareSaaS
Shoof International designs, manufactures, assembles and sources animal care and equipment products for farmers, veterinarians, and animal owners in the farming and veterinary industries.
Advanced ManufacturingAgTechNew Zealand, NZ
Skin Institute is a nationwide skin cancer organisation in New Zealand that uses AI-based total body imaging to help clinicians detect melanoma and monitor skin over time.
AI & Machine LearningHealthtechMedical Devices
The Collective is a New Zealand dairy brand founded in 2009 that makes gourmet yoghurt and other dairy products for consumers.
ConsumerDirect to ConsumerFoodTech
Angus(Co-founder)Ofer(Co-founder)
New Zealand's largest specialist retailer of flooring and window furnishings, operating 100+ locations and online channels for residential and commercial customers.
ConsumerRetail TechNew Zealand, NZ
Umbrellar is a New Zealand cloud services provider offering cloud strategy, migration, security, automation, and ongoing support, working as a partner of platforms such as Microsoft Azure and AWS.
Cloud ComputingEnterprise SoftwareSaaSNew Zealand, NZ
Ian Hassell(Chief Executive Officer)Shavvah Aldred(Chief Sales & Marketing Officer)Luke Golds(Chief Technology Officer)Caroline Young(Chief Financial Officer)
Frequently asked questions
- What stage does Pencarrow Private Equity invest at?
- Pencarrow Private Equity invests at the Growth, Late Stage stages.
- What is Pencarrow Private Equity's typical check size?
- Pencarrow Private Equity typically writes checks of $15M – $60M.
- What sectors does Pencarrow Private Equity focus on?
- Pencarrow Private Equity focuses on Sector Agnostic.
- Where is Pencarrow Private Equity located?
- Pencarrow Private Equity is headquartered in Auckland, NZ.
- Does Pencarrow Private Equity lead rounds?
- Yes, Pencarrow Private Equity leads investment rounds.
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