About PFC

What we do

Pearlfisher Capital is an established non-bank finance provider to the New Zealand property finance sector, providing a full range of secured debt and equity funding facilities for small and large property clients.

Pearlfisher is a recognised market participant, with extensive relationships, broad sector knowledge and the track record and experience to provide well-structured facilities with consistent risk weighted returns managed on behalf of its private and institutional investors.

Pearlfisher is also an active investor, co-investing alongside its investors, providing an alignment of interests and an ongoing commitment to the hands-on management ethos which underpins Pearlfisher’s success.

Leading New Zealand investment banking firm Jarden (formerly FNZC), became a 50% owner and joint venture partner in January 2017, bringing corporate strength to brand, a long term commitment to the business and the non-bank finance sector where it sees significant growth opportunities.

Who we are

Pearlfisher was founded in 2009 and continues today to be run by an executive management team that remain significant shareholders of the business.

We are a small team, with shareholder and director on-the-ground presence. The Jarden executive and wider group provides enhanced investor support, strong governance and compliance backing and an invaluable administration service that enables the executives to focus on origination and risk management.

The Pearlfisher Executive Board and Management have long standing market experience and skills beyond our core competency as lenders and include a comprehensive range of Property and Finance related services.

Our Values

Pearlfisher values its open book dialogue with clients and investors, honesty in all facets of its operations, diligence in meeting key criteria compliance and governance, respect for the needs of others, a determination to strive for excellence and the tenacity and flexibility to see the completion of its funded projects.

Our Goals

Pearlfisher's goals are to be the market leader for non-bank property investment opportunities and provide continued and sustainable investment returns through all market cycles.

Pearlfisher has experienced continued growth over recent years and considers its market presence and performance to be a strong catalyst for increased demand from borrowers and investors alike.

During the past 12 months, Pearlfisher have settled over $100 million of well qualified transactions for both new and concluding developments, including considerable recycling of existing investors' capital.

Our Structure

Shareholders

In 2017, Pearlfisher formed a joint venture with Jarden (formerly FNZC) in the property finance sector allowing us to take advantage of the strong development cycle and consider a wider range of projects in a climate when the major banks are increasingly constrained by capital adequacy rules, compliance and tightening credit criteria.

Jarden is a leading full service, wholly locally owned share broking and investment banking firm. Jarden has been in operation in the NZ market for more than 50 years as various operating entities, with a strategic alliance with Credit Suisse.

The Jarden joint venture strengthens Pearlfisher’s standing in the market and positions it to be able to consider more projects, including larger developments, at a time when there is a continued demand for property investment and development capital.

Since the establishment of the joint venture, Pearlfisher has experienced strong growth which has been the catalyst for co-investment alongside its private and institutional investors.

As part of the joint venture, Jarden are represented on Pearlfisher’s Board providing valuable additional governance and structure as well as access to a significantly wider funding base.

Management, Governance & Compliance

Jarden – provides overriding corporate governance and compliance support to Pearlfisher Capital, including Board management. Jarden are represented in all co-investment credit decisions.

PWC – undertakes a full financial and management audit of the Pearlfisher business on an annual basis. This provides an independent assessment of financial reporting and more importantly, ensures the management, systems and operations of the Pearlfisher business are constantly monitored and reviewed to maintain the highest standards.

AML – Pearlfisher maintains strict adherence to the requirements of The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) and meets all compliance and regulation as required under the act. This includes compliance approval of all new client and investor relationships, AML annual reporting and AML independent Audits.

Our People

Tony Abraham

Tony is a founding shareholder and director of Pearlfisher Capital. He has a Business Management Studies Degree in Accounting and Finance from Waikato University and a Postgraduate Diploma in Banking from Massey University.

Tony began his career at ASB Bank in New Zealand before joining Investment Banks Rabobank and Credit Suisse First Boston in the UK.

After having returned to New Zealand to start a family in 2002, Tony has focused solely on the property finance sector having held Senior Executive Management positions prior to establishing Pearlfisher Capital.

With over 20 years in Banking and Finance, Tony has developed considerable experience in transaction negotiation, structuring and portfolio risk management.

Jarrod Bruce

Jarrod is a founding director of Pearlfisher Capital and remains a key shareholder and director post-completion of the Jarden joint venture.

Jarrod practised as a registered valuer in New Zealand until 2001 after qualifying from the University of Auckland with a Bachelor of Property Administration and a Postgraduate Diploma in Finance.

Jarrod has had a career in the New Zealand Property Industry for over 20 years, covering a range of asset and tenure classes including a senior executive role in the Property Finance Sector, being responsible for the arrangement and management of a portfolio of debt securities within New Zealand and Australia, including the structuring of some of New Zealand's largest Land and Development transactions.

Chris Eade

Chris has gained valuable experience from his time spent working alongside property developers and from his various roles in the construction industry.

Prior to working at Pearlfisher Capital, Chris held roles at ANZ Bank in the property finance team, as well as Hawkins Construction and McConnell Property. In addition to these roles, Chris worked in the corporate finance and restructuring industry where numerous property related exposures were managed on behalf of Bank’s, through the Global Financial Crisis.

With nearly 10 years of property finance related experience and a practical understanding of delivering commercial developments, Chris brings a strong skill set to the team. Chris holds a double major in Finance and Management from AUT University.

Jarden Board Representatives

Sam Ricketts

Sam was appointed Managing Director and Head of Investment Banking in October 2014. Sam joined Jarden (formerly FNZC) in 2006 after eight years in Australia with Greenhill Caliburn, one of Australia’s leading independent mergers and acquisitions advisory firms.

Sam has a wide range of domestic and international clients and has extensive experience in domestic and cross border merges and acquisitions, financings and capital raisings.

Sam is a Director on the Jarden Board, and the Board of Pearlfisher (Jarden’s non-bank property finance business).

Sean Keane

Sean is the founder and Managing Director of Triple T Consulting.

Alongside providing policy advice to central banks and regulatory authorities in Asia-Pacific, Triple T also provides market analysis and interpretation to a variety of hedge funds, asset managers and commercial banks around the world. Triple T is best known for the respected daily commentary “What’s happening in the Money Markets” which is widely read throughout the financial markets.

Sean’s career spans 25 years in the financial markets, in a variety of senior roles in London, Wellington, Sydney, Singapore and Tokyo. Most recently he was Managing Director of Global Money Market Funding and Short-Term Interest Rate Trading in Asia-Pacific for Credit Suisse.

In 2012 Sean joined the Board of Jarden (formerly FNZC) as a Non-Executive Director and is the current Chairman of Pearlfisher Capital.

“I have dealt with Pearlfisher Capital since their inception (and in their prior roles) and have always found them great to deal with. Clear communication, quick turnarounds and commerciality are key in the business of lending and Pearlfisher have all of the above”

Mark Farrands

“We have been investors since the inception of Pearlfisher. Over this time, we have been in and out of numerous transactions. Any-one can lend money but not everybody can get it back, to date we have all ours back. Both Jarrod and Tony operate with honesty and integrity, over this time we have built up a strong relationship based on trust and are looking to grow this further.”

Pearlfisher Investor

“My relationship built with the Pearlfisher team has played an integral role in the continued strategic growth and ongoing project successes of Zone One Property group.

Their knowledge and understanding of property and funding adds great value to my team.”

Kieran Doe - Zone One Property Group