For Investors
Fund Options
Private Debt
PFIC Reporting Compliant. We provide PFIC Annual Information Statements (AIS) to support investors in making QEF elections for US tax reporting.
Build to Rent
Opening December 2026
AIP Growth applicants must invest at least NZ$5 million in total in acceptable investments. This fund’s AIP eligibility remains subject to Invest New Zealand approval.
PFIC Reporting Compliant. We provide PFIC Annual Information Statements (AIS) to support investors in making QEF elections for US tax reporting.
Our Investment Approach
Private Credit
Our private credit fund targets a net return of OCR + 4% through a disciplined allocation across floating and fixed-rate private credit.
Floating-rate exposure helps income adjust as interest rates change, while fixed-rate strategies are predominantly originated at 6–12 month maturities, limiting duration risk and enabling frequent repricing of credit, collateral and market conditions.
Our objective is to generate consistent risk-adjusted income while maintaining disciplined control over duration and capital exposure.
Real Estate Intelligence
Our underwriting is grounded in asset-level expertise and local market intelligence, with capital deployed selectively across geographies and property sectors where we have established knowledge and conviction.
We look beyond headline valuations and desktop data. Each opportunity is assessed through rigorous due diligence incorporating physical asset inspection, transaction evidence, planning fundamentals, market depth and realisable liquidity.
Our investment discipline is centred on three principles: asset integrity, collateral quality and exit visibility.
Build to Rent
Our Build-to-Rent strategy provides exposure to income-oriented New Zealand residential development, underwritten against underlying real estate value, rental fundamentals and long-term housing demand.
For eligible offshore investors, qualifying managed-fund structures may provide access to this asset class within New Zealand’s Active Investor Plus framework, subject to applicable fund approval, immigration and investment requirements.
Selected Marutūāhu developments may further benefit from established development relationships involving Crown and iwi partners, combining private capital with institutional alignment and long-term residential delivery capability.
Development Expertise
Two decades of property development and construction experience underpin our approach to development credit origination and underwriting.
Our capabilities extend beyond conventional credit analysis to the underlying execution risk of each project — including land economics, planning and consenting, design, construction budgets, programme delivery, developer capability and completion risk.
This specialist expertise allows us to originate selectively in less commoditised areas of real estate credit, where complexity can create attractive risk-adjusted pricing, while maintaining the capability to actively manage projects through periods of stress.
Capital Preservation
Capital preservation is embedded at both the transaction and portfolio level.
Within our private credit strategy, we prioritise senior secured, first-ranking mortgage positions, conservative LVR parameters and disciplined diversification across borrowers, assets, locations and maturities.
Structural seniority, collateral coverage and portfolio concentration limits are designed to create meaningful downside protection while preserving attractive income potential.
Investment Philosophy
We seek to generate attractive private credit returns not by assuming uncompensated risk, but by investing where our experience, security position and structuring capability provide an identifiable edge.
Exploring AIP residency or private credit investment? Let’s talk.
Contact us