Photo: MyFarmBusinessDesk | 18 September 2025
MyFarm KiwiFruit Fund launches $35 million capital raise
by Rebecca Howard
The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.
Units are being offered at $1.02, a 5% discount to the fund’s net asset value.
The offer, which will close Feb 28, 2026, has a minimum investment of $250,000, with the option to take over subscriptions.
The fund will be used to support further growth through additional investment in acquiring and developing SunGold orchards, and in the expansion of its substantial holding in Zespri shares.
In the financial year to May 31, the fund delivered investors a total return of 12.8%, made up of a 4.5% cash distribution (annualised) and a net asset value of $1.081 per unit, from $1 at issue. Cash distributions are forecast at 6%-7% in FY26. The fund is targeting a long-term total return (cash distributions and capital growth) of 10% per annum.
The $200m fund owns 17 SunGold kiwifruit orchards across Bay of Plenty and Northland, alongside 3.64 million Zespri shares, making it Zespri’s second-largest shareholding entity.
In FY25, the fund delivered a maiden net profit before tax of $2.3m and produced a strong harvest of over 2 million trays of SunGold kiwifruit.