# New Ground Capital

New Ground Capital is an Asset Manager based in Auckland, New Zealand.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Auckland, New Zealand
- **Region:** Oceania
- **Address:** Level 8, 41 Shortland Street, Auckland 1010, New Zealand
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** www.newground.co.nz
- **LinkedIn:** https://www.linkedin.com/company/new-ground-capital

## Regulatory record

- **Reports private funds:** No

## About

New Ground Capital is an impact investment manager specialising in investments that generate financial returns alongside social and environmental impact. It works on behalf of institutional and wholesale investors to create, finance and manage housing investments that deliver long-term financial returns and measurable social outcomes. NZ’s first specialist institutional build-to-rent provider, it has been developing and managing modern rental developments with security of tenure since 2014. Its experience spans Build-to-Rent, affordable housing, community housing, progressive home ownership, specialist care housing and mixed-tenure developments.

## Sectors

- Real Estate
- Infrastructure

## People

- Joy Marslin — Chair
- Roy Thompson — Managing Director
- Jonathan Holden — Chief Operating Officer
- Peter Watson — CFO

## Questions

### Does New Ground Capital invest outside New Zealand?

No, based on all available public disclosures the firm invests exclusively in New Zealand. The build-to-rent strategy is explicitly designed around New Zealand's housing market. The impact funds are framed as addressing challenges 'in New Zealand and beyond,' but no specific offshore investments are identified.

### Does New Ground Capital participate in fund commitments or only direct deals?

The firm structures its own investment vehicles — housing funds and impact funds — rather than committing to third-party funds. Deployment is direct into the development and management of residential real estate assets. There is no indication of a fund-of-funds program or external manager selection.

## Related profiles

- [NewGen Venture Partners](https://altss.com/profile/newgen-venture-partners)
- [Newground Social Investment](https://altss.com/profile/newground-social-investment)

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Last updated: 2026-08-11T15:07:34.613Z

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