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New Ground Capital is an investment management firm based in Auckland, New Zealand, founded in 2015. The firm focuses on developing and managing impactful investments, particularly in the housing sector. It has established a strong track record as an investment manager, developer, and property manager across various rental housing and affordable housing projects throughout New Zealand. In 2017, New Ground Capital co-founded New Zealand's first committed capital impact venture capital fund, marking a significant milestone in the country's investment landscape.
As of now, New Ground Capital manages multiple funds aimed at addressing housing challenges, including the Bay of Plenty Housing Equity Fund and the Homes for Tamariki Fund. The firm operates with a commitment to generating commercial returns while also delivering measurable social and environmental impact. Their office is located at Level 8, 41 Shortland Street, Auckland 1010, New Zealand, and they can be contacted via email at info@newground.co.nz.
New Ground Capital specializes in housing investments and impact funds, employing a variety of investment strategies. Their primary focus is on the Build to Rent (BTR) model, which involves the origination and management of housing investments for institutional and wholesale investors. This strategy aims to provide modern rental homes while addressing social and environmental challenges. The firm also develops impact funds that deliver strong financial returns while aligning with the United Nations' 17 Sustainable Development Goals.
The sectors targeted by New Ground Capital include healthcare, climate, fintech, biotech, consumer, and commerce. They prioritize investments that contribute to sustainable food production, agricultural technology, education, clean energy, and waste minimization. New Ground Capital seeks to partner with founders who share a commitment to creating positive social impact through their business models.
New Ground Capital manages a diverse portfolio of notable projects and funds aimed at addressing housing challenges in New Zealand. Key projects include:
These projects reflect New Ground Capital's commitment to addressing housing needs while generating positive social impact.
Roy Thompson: Co-Founder, Managing Director. Roy has extensive experience in investment management and real estate development.
Brian Collins: Co-Founder, Operations Director. Brian specializes in operational management and has a strong background in property management.
Jonathan Holden: Co-Founder, Commercial Director. Jonathan brings expertise in commercial strategy and business development.
Matt Heal: Non-Executive Director. Matt has a wealth of experience in governance and strategic oversight.
Roddy John: Development Manager. Roddy focuses on managing housing development projects.
Jonny Quinn: Development Manager. Jonny works alongside Roddy in overseeing development initiatives.
Gemma Deftereos: Finance & Impact Analyst. Gemma analyzes financial performance and impact metrics.
Wakaangi Rongonui: Community Manager. Wakaangi engages with communities to ensure alignment with local needs.
Hayden Collier: Senior Community Manager. Hayden supports community initiatives and engagement efforts.
Joy Marslin: Board Chair. Joy provides leadership and governance oversight.
Peter Watson: Investment Director. Peter leads investment strategy and portfolio management.
Sharleen Maharaj: Associate Development Manager. Sharleen assists in managing development projects.
To pitch New Ground Capital, founders should send an email to info@newground.co.nz. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and alignment with social impact goals. While specific response times are not mentioned, founders should expect a timely review of their proposals.
New Ground Capital has initiated several funds and programs, including:
These programs reflect New Ground Capital's commitment to addressing housing challenges while generating positive social impact.
In 2023, New Ground Capital completed the Moroki Build-to-Rent development in Glen Innes, Auckland, delivering 50 purpose-built rental homes. This project reflects their commitment to addressing housing needs in the region.
In 2022, the firm established the Homes for Tamariki Fund, aimed at providing stable housing for vulnerable children and young people. This initiative highlights their focus on social impact within the housing sector.
New Ground Capital also co-founded New Zealand's first committed capital impact venture capital fund in 2017, marking a significant milestone in the country's investment landscape.
What are New Ground Capital's investment criteria?
New Ground Capital focuses on housing investments and impact funds, particularly through the Build to Rent (BTR) model. They seek opportunities that align with the United Nations' Sustainable Development Goals and target sectors such as healthcare, climate, fintech, and consumer goods.
How can I pitch to New Ground Capital?
Founders can reach out via email at info@newground.co.nz. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and alignment with social impact goals.
What makes New Ground Capital different from traditional VCs?
New Ground Capital operates as an impact investment manager rather than a traditional venture capital firm. They prioritize social and environmental impact alongside financial returns, focusing heavily on housing and community development.
What is the typical check size for investments?
While specific check sizes are not disclosed, New Ground Capital typically invests in projects that require significant capital for development, particularly in the housing sector.
What is the geographic focus of New Ground Capital?
The firm primarily invests in New Zealand, with a strong emphasis on projects that address local housing challenges and contribute to sustainable urban development.
What kind of support do they provide to portfolio companies?
New Ground Capital adds value through strategic guidance, access to impact capital, and expertise in managing housing developments that align with social and environmental goals.
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