AIP Visa Eligible Investment Funds in New Zealand
The full NZTE Acceptable Managed Funds list for the Active Investor Plus visa (the New Zealand golden visa), plus live investment opportunities from listed funds. New to the rules? Read our complete guide to wholesale investing in NZ.
Eligibility as at 15 June 2026 (NZTE list date), verified against nzte.govt.nz on 2 July 2026. NZTE adds and removes funds without notice — always confirm before investing.
AIP Visa Investment Categories (April 2025 Update)
Growth Category
Minimum investment in NZTE-approved funds
Most popular: ~80% of AIP applicants choose the Growth category.
Balanced Category
Minimum investment with flexible allocation
NZTE Approved Managed Funds for AIP Visa
All 65 funds on the NZ Trade and Enterprise Acceptable Managed Funds list (Active Investor Plus Growth category), reproduced from the NZTE list last updated 15 June 2026 and verified on 2 July 2026. The authoritative list is maintained by NZTE at nzte.govt.nz — always confirm current eligibility there before relying on it. Fund names link to their Wholesale Investor profile where one exists. Prefer an asset-class view? See the AIP-eligible funds by strategy — the same list grouped into seven strategy categories.
Live Opportunities from NZTE-Listed Funds (41)
Investment opportunities on Wholesale Investor from funds that appear on the NZTE Acceptable Managed Funds list as at 15 June 2026.
Icehouse Ventures Growth Fund III
Icehouse Ventures
Growth-stage venture fund backing New Zealand-founded technology companies raising Series A through D+ capital. Target fund size $150M+; minimum investment $50,000 across four tranches; 10-year limited partnership. Wholesale investors only.
MA NZ Growth Fund
Elevation Capital
Targeting private credit and operating real estate with MA Financial Group's 13+ years investment migration expertise
NetCredit Unit Trust
NetFunds
Private credit financing NZ SMEs through diversified loans with 3-year average maturity, PIE and PFIC compliant
Newland Credit Fund
Newland
Direct lending providing working capital and growth loans to NZ businesses secured by business assets
ACIF NZ Investment Fund
ACIF
Wholesale scheme focused on NZ SMEs across diverse sectors with AU$800M proven Australian track record
Pacific Channel Fund V (Renewable Energy)
Pacific Channel
Early-stage wind, solar, and battery storage infrastructure pipeline targeting high returns through FID value creation
ARC Capital
ARC Capital
Investment in NZ aged care and healthcare sectors with conservative gearing, regular distributions, and ethical focus
Active Long Term Growth Fund
ForthCo
Open-ended PE fund backing proven, profitable NZ businesses ($10-100M EV) with quarterly distributions and redemptions
AANZ
Aviation Aerospace New Zealand
Conservative, 100% asset-backed helicopter leasing fund with government-backed customers and 3-year liquidity
Pioneer Capital Private Equity V
Pioneer Capital
20-year strategy investing in high-margin NZ businesses expanding in large international markets
GD1 Fund 4 LP
GD1
Building on Fund 3 upper quartile global performance, Pre-Seed through Series B investing
Movac Growth 7
Movac
NZ's most experienced VC with 25+ years and top decile performance. Secondary investment in growth-stage tech
IV Sustainable Technology Fund
Icehouse Ventures
20-40 of NZ's leading impact seed stage technology companies amplifying global sustainability
Altered Capital Venture Fund II
Altered Capital
Founded from competitive global market success, backing companies with product-market fit
Brand Fund 2 by Previously Unavailable and Icehouse Ventures
Previously Unavailable
Series A & B in high-growth B2B companies. Building on Fund 1's 28.63% IRR and top decile performance
Bridgewest Venture Fund 1 LP
Bridgewest Group
Deep-tech incubation fund in life sciences, medtech, cleantech, AI, and advanced sensors
Cultivate Ventures Limited Partnership
Cultivate Ventures
Industry-backed agri-tech and agri-food fund targeting 15% IRR with 90% in growth stage
Ecliptic Venture Capital LP
Ecliptic Venture Capital
Hands-on active management at Seed and Series A filling critical capital and capability gaps
Motion Capital
Motion Capital
Early-stage climate-tech companies with global commercial potential. $15m committed
NZVC Fund 2
NZVC
Building on breakout success of Fund 1 (top 5% globally). Investing at 50% lower valuations than US
Pacific Channel Fund III
Pacific Channel
One of NZ's largest deep-tech VCs empowering people solving hard problems in healthcare, food, environment
Quidnet Ventures Fund II
Quidnet Ventures
Top-quartile deep tech ventures born from NZ science built for global impact. Led by Silicon Valley veteran
Ryft Fund Zero
Ryft
Venture studio offering investment in earliest stages with dedicated support across design, engineering, operations
WNT Ventures Fund 4
WNT Ventures
$35m Seed to Series A deep tech specialist with proven top quartile performance backed by realisations
Fidelity Capital Sustainable Energy Fund
Fidelity Capital Partners
Investment-grade private credit lending to regulated Lines Companies for clean energy grid infrastructure
Matū Karihi Fund
Matū Karihi
Specialist early-stage fund for companies spinning out from R&D in NZ science and technology sector
Maūi Toa Fund 1
Maūi Toa
Māori owned and led fund leveraging Māori economy to invest in globally scalable technology
Henton Fund 2
Henton Capital
Selective mid-market credit fund for established NZ companies with experienced credit team
Peninsula Credit Fund II LP
Peninsula Capital
Quarterly cash returns through senior secured loans leveraging deep NZ industry networks
Kākāpō Responsible Investment Fund
Bancorp
AIP-focused mature private equity with responsible environmental and social impact focus
Seedling Next Gen Agri Limited Partnership
Seedling
Strategic investment reshaping NZ dairy farming through sustainable practices and regenerative agriculture
Southern Alps Retirement Living Sunrise Fund
Southern Alps
Retirement village development culturally fit for Asian seniors as well as local elderly
Greener Pastures Diversified Fund
Greener Pastures New Zealand
Specifically designed for AIP visa holders with diversified allocation across NZ PE, credit, and VC
Greener Pastures Kiwifruit Fund
Greener Pastures New Zealand
Specialist fund investing exclusively in NZ's globally successful kiwifruit industry
Hunter Diversified Private Credit Fund
Hunter Capital
Diversified exposure to non-bank lending with monthly subscriptions/redemptions and 7+ years track record
PCG Diversified New Zealand Private Debt Fund
PCG
Open-ended PIE with senior secured loans, weekly liquidity, and monthly cash distributions
2040 Ventures Climate Fund
2040 Ventures
Award-winning climate investor targeting 25% IRR by backing companies mitigating 50M tonnes CO2-e before 2035
MyFarm KiwiFruit Fund Limited Partnership
MyFarm Investments
Diversified portfolio of established SunGold kiwifruit orchards and Zespri shares with strong track record
MyFarm Solar Fund Limited Partnership
MyFarm Investments
Portfolio of solar farms across NZ with projected returns supported by long-term Power Purchase Agreements
2040 Ventures Punakaiki Fund
2040 Ventures
Evergreen venture capital fund with proven track record of successful exits including Vend, Timely, and Linewize
Castlerock Partners Fund
Castlerock Partners
Income-oriented private equity fund with 8% quarterly distributions targeting great Kiwi businesses
AIP Visa Investment FAQs
Common questions about the Active Investor Plus visa and qualifying investments
What is AIP in New Zealand?
AIP stands for Active Investor Plus, New Zealand's resident visa program for investors — internationally often called the NZ golden visa. Under the April 2025 settings, offshore investors gain New Zealand residency by investing NZD $5 million in approved growth investments for 36 months (Growth category) or NZD $10 million across a wider asset pool for 60 months (Balanced category).
Is the AIP visa the same as the New Zealand golden visa?
Yes. "Golden visa" is the informal international term for residency-by-investment programmes; Active Investor Plus (AIP) is the official Immigration New Zealand name for New Zealand's version. If you have been researching golden visa options across countries, the AIP visa is New Zealand's programme.
What is the minimum investment to get PR in New Zealand through AIP?
The minimum investment for New Zealand permanent residency through the AIP visa is NZD $5 million for the Growth category (invested in NZTE-approved managed funds) or NZD $10 million for the Balanced category (with more flexible investment options including bonds and equities).
What funds qualify for the AIP visa in New Zealand?
Funds that qualify for the AIP Growth category must be pre-approved by NZ Trade and Enterprise (NZTE) and focus on "growth investments" that create economic benefit. This includes venture capital, private equity, and growth-focused managed funds. The NZTE maintains an official list of acceptable managed funds.
What is the difference between AIP Growth and Balanced categories?
Growth category requires $5M in higher-risk growth investments — direct investments or NZTE-listed managed funds (VC, PE, growth equity), with philanthropy capped at 20% — held for 36 months with at least 21 days in New Zealand. Balanced category requires $10M across a wider pool that adds listed equities, bonds and qualifying property developments, held for 60 months with at least 105 days in New Zealand. Growth has stricter investment rules but a lower capital threshold and shorter hold.
How long must I hold AIP investments?
Growth category investments must be held for 36 months (3 years), with at least 21 days spent in New Zealand during that period. Balanced category investments must be held for 60 months (5 years), with at least 105 days in New Zealand — reducible by 14 days per additional NZD $1 million invested in Growth-category assets, to a maximum 42-day reduction. Completing the investment period and days-in-NZ requirement supports a permanent residency application.
How many funds are on the NZTE Acceptable Managed Funds list?
There are 65 funds on the NZTE Acceptable Managed Funds list as at 15 June 2026 (the date NZTE last updated the list), verified by Wholesale Investor on 2 July 2026. NZTE adds and removes funds without notice, so always confirm current eligibility at nzte.govt.nz before investing.
Where can I find the NZTE approved managed funds list?
The official NZTE approved managed funds list is maintained by Invest New Zealand (part of NZTE) at nzte.govt.nz. Fund managers must apply to NZTE to be added to the list. The table on this page reproduces the full list as at 15 June 2026.
Need Help With Your AIP Visa Application?
Connect with licensed immigration advisors and fund managers experienced with the AIP visa process
Important Information
This page provides general information about the Active Investor Plus visa program and is not immigration or financial advice. AIP visa requirements are set by Immigration New Zealand and fund eligibility is determined by NZ Trade and Enterprise. The fund table above reproduces the NZTE Acceptable Managed Funds list dated 15 June 2026, last verified by Wholesale Investor on 2 July 2026; NZTE may have changed the list since.
Always verify current requirements with Immigration New Zealand and confirm fund AIP eligibility directly with fund managers before investing. Consult licensed immigration and financial advisors for personalised guidance.