Private equity firm Oriens Capital has received commitments of $30 million for its first fund, which will focus on regional investments.The final target size for the fund is $60 million.

The firm has roped in investors like Sir Stephen Rober Tindall, founder of New Zealand retailer, The Warehouse and The Tindall Foundation, whose K1W1 investment company has put in over $100 million in seed and venture funding.

Other investors include Quayside Holdings, Tauranga Energy Consumer Trust and others from the community.

“The combination of best-practice fund structure, the investor and manager alignment, and a team with great experience in fund management governance and investment execution were all factors in attracting the high calibre of investors on our register,” said John McDonald, chairman of Oriens Capital, according to a report quoting him in the Bay of Plenty Times.

Preparing to hit its first close by September, the fund will focus on mid-market companies in the region, that have a revenue between $2 million and $50 million. They are looking into investing in great management teams in businesses that operate in distribution, logistics, specialist manufacturing, food making, technology, science and agri-tech.