
Origin Capital Fund 1
New Zealand's first private fund dedicated to the kiwifruit sector
(Closed to new investment)
O'Grady Orchard, Origin Capital Fund 1
Origin Capital Fund 1 was New Zealand’s first private capital fund dedicated to investing exclusively in the kiwifruit sector — providing a new option for wholesale investors seeking exposure to one of New Zealand's most succesful primary industries. The Fund invests exclusively in premium Zespri™ SunGold™ Kiwifruit orchards, alongside strategic holdings in Zespri shares, providing direct exposure to the sector’s highest-performing assets.
A total of $85m was raised from 160 investors seeking access to this tightly held and high-growth industry. The Fund is now fully deployed, with a diversified portfolio of nine orchards spanning 102 canopy hectares across the Bay of Plenty, Gisborne, and Kerikeri. Today, the portfolio is valued at approximately NZD165 million, and the Fund ranks among the top 10 shareholders in Zespri.
The Fund holds an orchard portfolio of very high quality. The portfolio was constructed through a mixture of: bare land development; conversion of Green orchards to SunGold; and, purchase of established SunGold orchards. The portfolio reached full production in 2026, and is now positioned to generate consistent orchard cashflows for investors.
The Fund has also benefitted from holding a diversified portfolio. Although parts of the portfolio were affected by Cyclone Gabrielle in 2023, the subsequent recovery in those assets has been significant, supported by the quality of the underlying assets and quality of partners available to the Origin team.
Any forward looking statement on this page reflect the Manager’s current expectations and assumptions as at April 2026. They are not a forecast, projection, or guarantee of future performance. Actual outcomes may differ materially depending on orchard performance, growing conditions, operating costs and other factors. Past performance is not a reliable indicator of future performance.

Origin Capital Fund 1 was New Zealand’s first private capital fund dedicated to investing exclusively in the kiwifruit sector — providing a new option for wholesale investors seeking exposure to one of New Zealand's most succesful primary industries. The Fund invests exclusively in premium Zespri™ SunGold™ Kiwifruit orchards, alongside strategic holdings in Zespri shares, providing direct exposure to the sector’s highest-performing assets.
A total of $85m was raised from 160 investors seeking access to this tightly held and high-growth industry. The Fund is now fully deployed, with a diversified portfolio of nine orchards spanning 102 canopy hectares across the Bay of Plenty, Gisborne, and Kerikeri. Today, the portfolio is valued at approximately NZD165 million, and the Fund ranks among the top 10 shareholders in Zespri.
The Fund holds an orchard portfolio of very high quality. The portfolio was constructed through a mixture of: bare land development; conversion of Green orchards to SunGold; and, purchase of established SunGold orchards. The portfolio reached full production in 2026 and is well set to deliver consistent and meaningful returns to investors for years to come.
The Fund has also benefitted from holding a diversified portfolio. Although parts of the portfolio were affected by Cyclone Gabrielle in 2023, the subsequent recovery in those assets has been significant, supported by the quality of the underlying assets and quality of partners available to the Origin team.
Performance information is stated for the period shown. Total fund returns include distributions and changes in equity as expressed as a percentage of committed capital and are pre-tax.

Origin Capital Fund 1 Orchards:

O'Grady Orchard
Gisborne

Whakamārama Orchard
Tauranga

Charlies Rock Orchard
Kerikeri

Eade Orchard
Gisborne

Heartland Orchard
Te Puke

Bushmere Orchard
Gisborne

Plateau Orchard
Ōpōtiki

Finale Orchard
Gisborne

Snapper Orchard
Pukehina

O'Grady Orchard
Gisborne

Whakamārama Orchard
Tauranga

Charlies Rock Orchard
Kerikeri

Eade Orchard
Gisborne

Bushmere Orchard
Gisborne

Heartland Orchard
Te Puke

Plateau Orchard
Ōpōtiki

Snapper Orchard
Pukehina

Finale Orchard
Gisborne
