NZ$1 billion assets under management

Craigmore Sustainables raised substantial new equity capital and reached $NZ1 billion of assets under management during the 2022 calendar year.

Craigmore completed the raise of $130 million additional equity capital into its Permanent Crop Partnership, signed increased commitment of $100 million into the flagship separately managed Forestry Partnership, along with additional capital into both the Totara Forestry Partnership and the Craigmore Farming Partnership.

Nick Tapp, Craigmore’s Head of Investor Relations, said there is strong continuing support for Craigmore’s partnerships in these sectors.

“New capital that our existing investors have placed with us during 2022 reflects the faith they have in our ability to offer diversified natural asset exposure with an attractive risk-adjusted return.”

Craigmore’s CEO, Che Charteris said that the growth demonstrates Craigmore’s focus on capital investment to drive improved outcomes in New Zealand’s food and fibre sectors.

“Capital investment into permanent crop horticulture substantially increases productivity and exports. In forestry, Craigmore is establishing new forests to deliver real climate impact through avoided emissions and carbon sequestration. These are real impact investment opportunities.”

Mr Tapp said that Craigmore has future growth plans in place.

“Craigmore will continue to look at new opportunities in the permanent crop sector and is excited about the future for the Totara Forestry Partnership. We are also launching a new partnership with a specific target of attracting domestic New Zealand investors this year.”

All New Zealand investors in Craigmore managed partnerships are required to hold “wholesale investor” status as defined in the Financial Markets Conduct Act 2013.