South Bastion

Fortes fortuna
adiuvat.

Fortune favours the brave

Global investors in public and private companies. A structured process, with the conviction to act where others hesitate.

How we invest Get in touch
What we do

Finding companies that solve real problems and provide rare opportunities.

South Bastion invests globally in businesses that solve real problems, challenge the status quo, and create enduring value. Our mandate spans from ambitious seed-stage ventures through to later-stage and listed companies, where innovation meets execution and long-term conviction. We are active in the New Zealand private investment ecosystem.

We invest across public and private markets, managing a portfolio of listed equities while backing private companies at the angel and growth stage.

This dual approach lets us carry insight from one market to the other, balance liquidity with long-term growth, and support founders as their businesses scale.

We back founders to lead. When appropriate, we work alongside them, with experience in strategy, finance, operations and growth, earned building businesses of our own. We look beyond the spreadsheet to back resilient, thoughtful founders who are obsessed with delivering real, lasting value.

Public + Private

Public and private. One conviction.

We are not bound to one stage or one market. Depending on the opportunity, we invest in listed equities, private companies or both. What we learn on one side makes us better investors on the other.

  1. Private Angel & seed
  2. Private Early stage
  3. Private Growth
  4. Bridge Pre-IPO
  5. Public Listed equities
01

Private markets

Angel and growth investments in founders, with support on hand when appropriate.

02

Public markets

A concentrated portfolio of global listed equities, giving liquidity and real-time price discovery.

03

The edge in between

Each side sharpens the other: private diligence shows us what is disrupting listed incumbents, and public valuations keep us disciplined on price in private rounds.

Themes & megatrends

The forces reshaping the world.

Structural shifts are moving faster than ever, compressing decades of change into years. They are the lens we use to screen both public and private opportunities. A few examples:

01 Golden Age of Healthcare
02 AI, Hardware & Robotics
03 Semiconductors
04 Space at an Inflexion Point
05 Cyber Security & Digital Resilience
06 Energy Transition
07 Defence
08 Digital Assets
09 Fintech & Digital Payments
10 Agritech & Food Security
Founded · Auckland, New Zealand
2013
Mandate · Seed to listed
Public + Private
Reach · Unconstrained by region
Global
Focus · Themes-led investing
Megatrends
Target return · Long-term objective
15% p.a.
Our name · c. 1540

Built to hold. Still standing.

We take our name from the South Bastion of Gibraltar. Raised by Spanish military engineers around 1540 and later strengthened by the British, it anchored the southern end of the town's sea defences and, with the neighbouring Flat Bastion, guarded the Southport Gate.

A bastion's angled walls let its defenders cover every approach. Nearly five centuries on, it still stands. That is the standard we hold ourselves to: every position guarded, every thesis tested from every angle, and capital built to endure.

Auckland has a defensive heritage of its own. Fort Britomart, one of New Zealand’s first British fortifications, once stood on a headland above the harbour. The headland is long gone, but its name still marks the heart of the city. Gibraltar gave us our name; Auckland is our home.

Get in touch

Behind the walls, a conversation.

We are not yet open to outside investors, but we are looking to open in the future. When we do, opportunities will be offered only to eligible wholesale investors. Get in touch to register your interest.

marcus@southbastion.co.nz