AIP Visa Eligible Investment Funds in New Zealand
Complete directory of NZTE-approved managed funds and investment opportunities qualifying for the Active Investor Plus visa program. Updated February 2026.
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
Fund managers approved by NZ Trade and Enterprise for the Active Investor Plus Growth category. This list is maintained by NZTE at nzte.govt.nz.
| Fund Manager | Fund Name | Focus | Category | Status |
|---|---|---|---|---|
| Icehouse Ventures | Icehouse Ventures Fund IV | Tech & Innovation | Growth | Open |
| Movac | Movac Fund 6 | Growth Equity | Growth | Open |
| Pioneer Capital | Pioneer Capital Partners Fund IV | Buyout & Growth | Growth | Open |
| 2040 Ventures | 2040 Ventures Fund II | Climate Tech | Growth | Open |
| Bridgewest Ventures | Bridgewest Fund II | Agritech & Deeptech | Growth | Open |
| Pacific Channel | Pacific Channel Fund II | Early Stage Tech | Growth | Open |
| Punakaiki Fund | Punakaiki Fund | Tech Portfolio | Growth | Open |
| Pencarrow | Pencarrow V | Private Equity | Growth | Open |
| Direct Capital | Direct Capital VI | Private Equity | Growth | Open |
| Waterman Capital | Waterman Fund III | Mid-Market PE | Growth | Open |
AIP Eligible Investment Opportunities (55)
Active Long Term Growth Fund
ForthCo
Open-ended PE fund backing proven, profitable NZ businesses ($10-100M EV) with quarterly distributions and redemptions
Shaw and Partners Active Investor Plus Portfolio
Shaw and Partners
Personalised discretionary investment management service with bespoke, diversified fund of funds approach
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
Pacific Channel Fund V (Renewable Energy)
Pacific Channel
Early-stage wind, solar, and battery storage infrastructure pipeline targeting high returns through FID value creation
AANZ
Aviation Aerospace New Zealand
Conservative, 100% asset-backed helicopter leasing fund with government-backed customers and 3-year liquidity
ACIF NZ Investment Fund
ACIF
Wholesale scheme focused on NZ SMEs across diverse sectors with AU$800M proven Australian track record
ARC Capital
ARC Capital
Investment in NZ aged care and healthcare sectors with conservative gearing, regular distributions, and ethical focus
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
Alvarium Active Investor Plus Service
Alvarium
Bespoke investment strategies for AIP Growth or Balanced categories with 25+ years experience
Craigs Immigration NZ Investment Service
Craigs Investment Partners
Discretionary account providing choice of multiple managed funds to create personalised diverse portfolio
Forsyth Barr AIP Managed Funds Account
Forsyth Barr
Personalized investment service with tailored and expertly managed fund of funds approach
JMI Wealth Active Investor Plus Portfolio
JMI Wealth
Discretionary Investment Management Service providing bespoke diversified fund of funds approach
Pioneer Capital Private Equity V
Pioneer Capital
20-year strategy investing in high-margin NZ businesses expanding in large international markets
Greenmount Co-Investment Fund No.1 LP
Greenmount Capital
Co-invest alongside top-tier Australasian PE sponsors in mid-market companies ($50-300m EV)
Greenmount Capital New Economy Fund LP
Greenmount Capital
Series A focus on globally scalable businesses across seven transformative themes shaping future economy
GD1 Fund 3 LP
GD1
$150M generalist fund investing in NZ-originated early-stage technology companies with global aspirations
GD1 Fund 4 LP
GD1
Building on Fund 3 upper quartile global performance, Pre-Seed through Series B investing
Movac Growth Opportunity Fund (Fund 8)
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
Maūi Toa Fund 1
Maūi Toa
Māori owned and led fund leveraging Māori economy to invest in globally scalable technology
Motion Capital
Motion Capital
Early-stage climate-tech companies with global commercial potential. $15m committed
New Zealand Fintech Fund
Point16
Partnership between Point16 and Icehouse Ventures investing in next generation financial innovation
Nuance Connected Capital
Nuance Connected Capital
Female scientist-led $57m deep tech fund investing in Kiwi companies solving global problems
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
PCG Diversified New Zealand Private Debt Fund
PCG
Open-ended PIE with senior secured loans, weekly liquidity, and monthly cash distributions
DE Capital Fund
DE Capital
Senior secured loans plus warrants to mid-market NZ businesses with regular income and equity upside
Henton Fund 2
Henton Capital
Selective mid-market credit fund for established NZ companies with experienced credit team
Hunter Diversified Private Credit Fund
Hunter Capital
Diversified exposure to non-bank lending with monthly subscriptions/redemptions and 7+ years track record
Peninsula Credit Fund II LP
Peninsula Capital
Quarterly cash returns through senior secured loans leveraging deep NZ industry networks
Pioneer Capital Private Debt 2
Pioneer Capital
Established private debt strategy from NZ's largest and most experienced private capital investor
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
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
Icehouse Ventures Seed Fund IV LP
Icehouse Ventures
~30 of NZ's leading high-growth technology companies at pre-seed to pre-Series A stages
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
Castlerock Partners Fund
Castlerock Partners
Income-oriented private equity fund with 8% quarterly distributions targeting great Kiwi businesses
Icehouse Ventures Seed Fund IV
Icehouse Ventures
Fourth vintage of New Zealand's most active early-stage venture fund backing brave Kiwi founders
CQuest Forestry Fund Limited Partnership
MyFarm Investments
Carbon and production forestry assets targeting up to 2000 hectares managed by MyFarm
2040 Ventures Punakaiki Fund
2040 Ventures
Evergreen venture capital fund with proven track record of successful exits including Vend, Timely, and Linewize
AIP Eligible Funds (78)
AAM Infrastructure Loan Fund
AAM
Senior secured loan fund (AIP Growth Category) lending to NZ infrastructure-owning businesses, infrastructure services providers, and entities underpinning NZ infrastructure growth. Targets robust downside protection and stable income.
AANZ
Aviation Aerospace New Zealand
Aviation and Aerospace New Zealand Fund (AANZ) — conservative, 100% asset-backed regular distribution fund managed by Bancorp. Owns and leases modern helicopters to large NZ fleet operators (emergency medical, search-and-rescue, government contracts). 3-year liquidity. AIP Growth Category pre-approved.
ACIF NZ Investment Fund
ACIF
Wholesale scheme focused on NZ SMEs with AU$800M proven track record delivering sustainable returns
Active Long Term Growth Fund
ForthCo
Open-ended private equity fund managed by ForthCo Limited, backing proven profitable NZ businesses ($10-100M EV) with quarterly distributions and redemptions. Target return 12% p.a. $100,000 minimum. AIP Growth Category pre-approved (NZTE-listed as "ForthCo Limited" 2025-08-27).
Altered Capital Venture Fund II
Altered Capital
NZ$100M Venture Fund II (Altered Capital, $250M FUM / $1B FUA). Backs companies with product-market fit in technology, healthcare, and financial sectors. Fund I tracking gross IRR >40% (top decile). Founding team has delivered top-decile venture performance + distributions at scale in US and UK. AIP Growth pre-approved.
Alvarium Active Investor Plus Service
Alvarium
Bespoke AIP Growth/Balanced strategies with 25+ years experience
Amber & Partners Infrastructure NZ Fund (AIP APINZ LP)
Amber & Partners
Evergreen NZ infrastructure fund (AIP APINZ LP) — long-term capital growth + stable distributions via structured liquidity / scheduled redemption windows. Managed by Amber Infrastructure Group (acquired Morrison & Co's NZ infrastructure assets 2022). AIP Growth Category (NZTE 2025-12-15).
ARC Capital
ARC Capital
Investment in NZ aged care and healthcare sectors with conservative gearing and regular cash distributions
BeGroup Investments II LP
BeGroup
Operator of retirement village and assisted living services. Provides exposure to NZ's growing retirement village + aged care sectors (demand projected to peak ~2048 driven by aging population). AIP Growth Category (NZTE 2025-11-10).
Blairlogie Pine Investment Limited Partnership
Forest Enterprises
888 hectares young second rotation Radiata pine forest in Wairarapa. Primary focus on carbon sequestration with 80%+ land in ETS. Captures 48 tonnes CO2e annually per 200-share investment.
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, a New Zealand resident visa program introduced in April 2025. It allows offshore investors to gain New Zealand residency by investing NZD $5 million (Growth category) or NZD $10 million (Balanced category) in approved investments for at least 4 years.
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 invested entirely in NZTE-approved growth funds (VC, PE, growth equity). Balanced category requires $10M total, with flexibility to include listed equities and bonds alongside growth investments. Growth has stricter investment rules but lower capital requirement.
How long must I hold AIP investments?
AIP investments must be held for a minimum of 4 years. During this period, you must also spend at least 117 days in New Zealand (approximately 29 days per year). After 4 years, you may be eligible for permanent residency.
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. This page shows funds that have indicated AIP eligibility to Wholesale Investor NZ.
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.
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.
