Fund Investments
Airtree is a venture capital investor with A$1.3bn under management and a portfolio of 100+ companies. Airtree invests in startups from pre-revenue right through to later growth stages, with investment sizes ranging between $100,000 and $50 million.Rangatira is invested in both the 2021 Core and Opportunity Funds. The Core Fund invests in the best pre-seed, seed, and series A technology companies with strong ties to Australia and New Zealand. The Opportunity Fund targets a smaller number of growth stage (Series B+) opportunities.
Core Fund 2021, Opportunity Fund 2021
Investment Date 2021
Investment Type Venture Capital
Icon Ventures is an early-stage venture capital fund based in Palo Alto, California with $1.4bn under management. Founded in 2003, Icon has been at the forefront of venture investing for over two decades, partnering with founders and other top-tier VC funds to build category-defining businesses.
Fund V, Fund VI, Fund VII
Investment Date 2014
Investment Type Venture Capital
Intermede is a London-based global equity investment management company. It applies a research-intensive, fundamental bottom-up, long term orientated approach, with a focus on building a portfolio of high-quality growth companies that can deliver compounding returns.
Investment Date 2019
Investment Type Global Equity Investment
Movac is a leading venture capital manager in Wellington, New Zealand. Fund 3 invested in 6 companies including PowerbyProxi (acquired by Apple in 2017) and Aroa Bosurgery (listed on the ASX in 2020). In 2020, Rangatira invested in Movac’s Fund 5 which now has a portfolio of 20 companies, and in 2022, invested in Movac’s Growth Fund 6 which invests in more established high growth companies in New Zealand.
Fund 3, Fund 3 SideCar, Fund 5 Growth 6
Investment Date 2012
Investment Type Venture Capital
Pacific Channel is a specialist deep tech venture capital investor focused on scientific and advanced engineering breakthroughs across food, health, and the environment. They invest in companies at their earliest stages and actively support them to accelerate growth.
Fund II, Fund III
Investment Date 2020
Investment Type Venture Capital
Te Ahumairangi Investment Management is a Wellington-based team of experienced investment professionals who focus entirely on the management of global equities. They bring a genuinely global active equity fund to New Zealand investors looking for good long-term returns with lower risk, at low fees.
Investment Date 2023
Investment Type Global Equity Investment
Previous Investments
Contract Resources is a specialised engineering service provider to oil refineries, oil and gas facilities, petrochemical, mineral processing and other industrial plants.
Rangatira acquired a 50% share in Contract Resources in 2004, with the management team (Bill Stretton, Gray Gardiner, Trevor Penny and Andy Wells) holding the other 50%. From 2004 the company grew its core Australian and NZ businesses substantially. It also expanded into new markets in the US, East and South America. Its sales and profits grew and it became one of Rangatira’s largest investments.
Rangatira and management sold CRL to Hellaby Holdings in 2013 due to the substantial increase in value of CRL.
Hellers, founded by Todd Heller and Nick Harris in 1993 is now New Zealand's largest producer of bacon, ham and small goods, selling over 28,000 tonnes annually through retail and food service channels.
Rangatira co-invested alongside Todd and Nick by acquiring a 50% shareholding in Hellers in 2003. With Rangatira's investment, Hellers expanded its facility in Kaiapoi, Christchurch, set up a new factory in Wiri, Auckland and made multiple acquisitions to broaden its scope. Hellers now employs 575 people nationwide and is a leading New Zealand brand.
The business performed well over our 16-year partnership. We conducted a successful exit in early 2019 when we sold our share of the business to Adamentem Capital.
"It has been a wonderful and successful
relationship with Rangatira, which has been marked with many milestones -
from our Auckland factory built in 2005
through to a world-class production facility established in Kaiapoi in 2011.
Rangatira was pivotal in our growth,
including acquisitions such as Hutton's Kiwi, Santa Rosa poultry, Gramart sauces and Walsh's meats."
- Todd Heller
Partners Life delivers a full suite of innovative, competitively priced life and health insurance products to over 100,000 New Zealand families and businesses.
The key people behind the company have many years of experience in the life insurance industry and were previously involved in establishing Sovereign Assurance and Club Life (now OnePath Life).