A new investment fund targeting SunGold kiwifruit orchards is rapidly approaching its initial subscription target. Origin Capital Partners hopes to raise $50 million in its first fundraising round before Christmas. It has an initial three orchards signed up to purchase.
The investment company is fronted by some high-profile Bay kiwifruit identities, including ex-Zespri chief executive Lain Jager and ex-Zespri chairman Craig Greenlees. Other principals include current Zespri chairman Paul Jones and ex-banker Dominic Jones, who has recently returned from the UK to head up the group’s funding process.
Dominic Jones said the principals had been concerned when the fund was first mooted in March that the global pandemic might affect the fund, but investors’ appetite for sector investment had not been dampened.
According to an article on bopbusinessnews.co.nz¸ Zespri has enjoyed surging on-line sales of the SunGold fruit in China particularly, as consumers seek out health-giving, easily consumed fruit products in response to the threat of Covid-19.