Fundraising FoxPencarrow Private Equity
Private equityAuckland · Growth–Late Stage · 9 people tracked
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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 ×6Direct to Consumer ×5Healthtech ×5SaaS ×5AgTech ×3Digital Health ×3Enterprise Software ×3Wellness & Fitness ×3
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
Co-investorsAnkona Capital
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)inAngela Kneeshaw(Chief Financial Officer)inMartin Taylor(Chief Operations Officer)inBrett Meyer(Chief Property Officer)in
Co-investorsRangatira Investments
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 New Zealand-based skincare and personal care brand that develops and manufactures beauty products formulated by in-house chemistry experts.
ConsumerDirect to ConsumerWellness & FitnessNew Zealand, NZ
Anthony Gadsdon(Founder)in
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
Co-investorsAccel-KKR
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 multi-disciplinary medical provider offering skin cancer surveillance, dermatology services, varicose vein treatments, and cosmetic procedures across 12 clinics nationwide in New Zealand.
AI & Machine LearningDigital HealthDirect to ConsumerE-commerceHealthtechMedical DevicesWellness & FitnessAuckland, NZ
Tend is a primary care network in New Zealand offering in-person medical centres and 24/7 online GP consultations, with an app that handles booking, consultations, results and family health records.
Digital HealthHealthtechAuckland, NZ
James Robinson(Founder)in
Co-investorsAdditionGood FriendsGV (Google Ventures)JUXTAPOSE VENTURESRedpoint VenturesTiger Global Management+1 more
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)
Co-investorsDeutsche Bank
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)inShavvah Aldred(Chief Sales & Marketing Officer)inLuke Golds(Chief Technology Officer)Caroline Young(Chief Financial Officer)in
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AvantiIcebreaker
Frequently asked questions
- How many investments has Pencarrow Private Equity made?
- Pencarrow Private Equity has 19 tracked investments.
- 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.
- Who does Pencarrow Private Equity co-invest with?
- Pencarrow Private Equity most often shares deals with Accel-KKR, Rangatira Investments, Te Pūia Tāpapa, among 4 tracked co-investors.
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