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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.

112
AIP Eligible Options
$5M
Growth Category Min
$10M
Balanced Category Min

AIP Visa Investment Categories (April 2025 Update)

Growth Category

$5M NZD

Minimum investment in NZTE-approved funds

100% must be in approved growth investments
Venture capital, private equity, growth funds
4-year minimum investment period
117+ days in NZ over 4 years
English language requirements apply

Most popular: ~80% of AIP applicants choose the Growth category.

Balanced Category

$10M NZD

Minimum investment with flexible allocation

$5M minimum in growth investments
$5M can be in listed equities or bonds
4-year minimum investment period
Lower time-in-NZ requirements
No English language requirement

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 ManagerFund NameFocusCategoryStatus
Icehouse VenturesIcehouse Ventures Fund IVTech & InnovationGrowthOpen
MovacMovac Fund 6Growth EquityGrowthOpen
Pioneer CapitalPioneer Capital Partners Fund IVBuyout & GrowthGrowthOpen
2040 Ventures2040 Ventures Fund IIClimate TechGrowthOpen
Bridgewest VenturesBridgewest Fund IIAgritech & DeeptechGrowthOpen
Pacific ChannelPacific Channel Fund IIEarly Stage TechGrowthOpen
Punakaiki FundPunakaiki FundTech PortfolioGrowthOpen
PencarrowPencarrow VPrivate EquityGrowthOpen
Direct CapitalDirect Capital VIPrivate EquityGrowthOpen
Waterman CapitalWaterman Fund IIIMid-Market PEGrowthOpen

AIP Eligible Investment Opportunities (56)

Active Long Term Growth Fund

ForthCo

OpenAIP Eligible
Target Return:12% - 18% p.a.
Min Investment:NZD $100,000

Open-ended PE fund backing proven, profitable NZ businesses ($10-100M EV) with quarterly distributions and redemptions

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Shaw and Partners Active Investor Plus Portfolio

Shaw and Partners

OpenAIP Eligible
Target Return:Contact for details
Min Investment:NZD $3,000,000

Personalised discretionary investment management service with bespoke, diversified fund of funds approach

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MA NZ Growth Fund

Elevation Capital

OpenAIP Eligible
Target Return:8% - 12% p.a.
Min Investment:NZD $100,000

Targeting private credit and operating real estate with MA Financial Group's 13+ years investment migration expertise

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NetCredit Unit Trust

NetFunds

OpenAIP Eligible
Target Return:Contact for details
Min Investment:NZD $100,000

Private credit financing NZ SMEs through diversified loans with 3-year average maturity, PIE and PFIC compliant

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Newland Credit Fund

Newland

OpenAIP Eligible
Target Return:8% - 11% p.a.
Min Investment:NZD $100,000

Direct lending providing working capital and growth loans to NZ businesses secured by business assets

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Pacific Channel Fund V (Renewable Energy)

Pacific Channel

InvestingAIP Eligible
Target Return:15% - 25% p.a.
Min Investment:NZD $100,000

Early-stage wind, solar, and battery storage infrastructure pipeline targeting high returns through FID value creation

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AANZ

Aviation Aerospace New Zealand

OpenAIP Eligible
Target Return:6% - 8% p.a.
Min Investment:NZD $100,000

Conservative, 100% asset-backed helicopter leasing fund with government-backed customers and 3-year liquidity

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ACIF NZ Investment Fund

ACIF

OpenAIP Eligible
Target Return:8% - 12% p.a.
Min Investment:NZD $100,000

Wholesale scheme focused on NZ SMEs across diverse sectors with AU$800M proven Australian track record

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ARC Capital

ARC Capital

OpenAIP Eligible
Target Return:10% - 15% p.a.
Min Investment:NZD $100,000

Investment in NZ aged care and healthcare sectors with conservative gearing, regular distributions, and ethical focus

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Southern Alps Retirement Living Sunrise Fund

Southern Alps

OpenAIP Eligible
Target Return:12% - 15% p.a.
Min Investment:NZD $100,000

Retirement village development culturally fit for Asian seniors as well as local elderly

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Greener Pastures Diversified Fund

Greener Pastures New Zealand

OpenAIP Eligible
Target Return:8% - 12% p.a.
Min Investment:NZD $3,000,000

Specifically designed for AIP visa holders with diversified allocation across NZ PE, credit, and VC

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Greener Pastures Kiwifruit Fund

Greener Pastures New Zealand

OpenAIP Eligible
Target Return:8% - 12% p.a.
Min Investment:NZD $100,000

Specialist fund investing exclusively in NZ's globally successful kiwifruit industry

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Alvarium Active Investor Plus Service

Alvarium

OpenAIP Eligible
Target Return:Contact for details
Min Investment:NZD $3,000,000

Bespoke investment strategies for AIP Growth or Balanced categories with 25+ years experience

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Craigs Immigration NZ Investment Service

Craigs Investment Partners

OpenAIP Eligible
Target Return:Contact for details
Min Investment:NZD $3,000,000

Discretionary account providing choice of multiple managed funds to create personalised diverse portfolio

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Forsyth Barr AIP Managed Funds Account

Forsyth Barr

OpenAIP Eligible
Target Return:Contact for details
Min Investment:NZD $3,000,000

Personalized investment service with tailored and expertly managed fund of funds approach

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JMI Wealth Active Investor Plus Portfolio

JMI Wealth

OpenAIP Eligible
Target Return:Contact for details
Min Investment:NZD $3,000,000

Discretionary Investment Management Service providing bespoke diversified fund of funds approach

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Pioneer Capital Private Equity V

Pioneer Capital

OpenAIP Eligible
Target Return:15% - 20% p.a.
Min Investment:NZD $250,000

20-year strategy investing in high-margin NZ businesses expanding in large international markets

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Greenmount Co-Investment Fund No.1 LP

Greenmount Capital

OpenAIP Eligible
Target Return:12% - 18% p.a.
Min Investment:NZD $250,000

Co-invest alongside top-tier Australasian PE sponsors in mid-market companies ($50-300m EV)

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Greenmount Capital New Economy Fund LP

Greenmount Capital

OpenAIP Eligible
Target Return:20% IRR
Min Investment:NZD $250,000

Series A focus on globally scalable businesses across seven transformative themes shaping future economy

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GD1 Fund 3 LP

GD1

InvestingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

$150M generalist fund investing in NZ-originated early-stage technology companies with global aspirations

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GD1 Fund 4 LP

GD1

FundraisingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

Building on Fund 3 upper quartile global performance, Pre-Seed through Series B investing

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Movac Growth Opportunity Fund (Fund 8)

Movac

FundraisingAIP Eligible
Target Return:25% IRR
Min Investment:NZD $100,000

NZ's most experienced VC with 25+ years and top decile performance. Secondary investment in growth-stage tech

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IV Sustainable Technology Fund

Icehouse Ventures

InvestingAIP Eligible
Target Return:20% - 30% IRR
Min Investment:NZD $50,000

20-40 of NZ's leading impact seed stage technology companies amplifying global sustainability

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Altered Capital Venture Fund II

Altered Capital

FundraisingAIP Eligible
Target Return:25% IRR
Min Investment:NZD $100,000

Founded from competitive global market success, backing companies with product-market fit

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Brand Fund 2 by Previously Unavailable and Icehouse Ventures

Previously Unavailable

FundraisingAIP Eligible
Target Return:28% IRR
Min Investment:NZD $100,000

Series A & B in high-growth B2B companies. Building on Fund 1's 28.63% IRR and top decile performance

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Bridgewest Venture Fund 1 LP

Bridgewest Group

InvestingAIP Eligible
Target Return:25% IRR
Min Investment:NZD $100,000

Deep-tech incubation fund in life sciences, medtech, cleantech, AI, and advanced sensors

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Cultivate Ventures Limited Partnership

Cultivate Ventures

InvestingAIP Eligible
Target Return:15% IRR
Min Investment:NZD $100,000

Industry-backed agri-tech and agri-food fund targeting 15% IRR with 90% in growth stage

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Ecliptic Venture Capital LP

Ecliptic Venture Capital

InvestingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

Hands-on active management at Seed and Series A filling critical capital and capability gaps

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Maūi Toa Fund 1

Maūi Toa

FundraisingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

Māori owned and led fund leveraging Māori economy to invest in globally scalable technology

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Motion Capital

Motion Capital

InvestingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

Early-stage climate-tech companies with global commercial potential. $15m committed

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New Zealand Fintech Fund

Point16

InvestingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

Partnership between Point16 and Icehouse Ventures investing in next generation financial innovation

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Nuance Connected Capital

Nuance Connected Capital

InvestingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

Female scientist-led $57m deep tech fund investing in Kiwi companies solving global problems

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NZVC Fund 2

NZVC

FundraisingAIP Eligible
Target Return:25% IRR
Min Investment:NZD $100,000

Building on breakout success of Fund 1 (top 5% globally). Investing at 50% lower valuations than US

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Pacific Channel Fund III

Pacific Channel

InvestingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

One of NZ's largest deep-tech VCs empowering people solving hard problems in healthcare, food, environment

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Quidnet Ventures Fund II

Quidnet Ventures

InvestingAIP Eligible
Target Return:25% IRR
Min Investment:NZD $100,000

Top-quartile deep tech ventures born from NZ science built for global impact. Led by Silicon Valley veteran

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Ryft Fund Zero

Ryft

FundraisingAIP Eligible
Target Return:25% IRR
Min Investment:NZD $100,000

Venture studio offering investment in earliest stages with dedicated support across design, engineering, operations

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WNT Ventures Fund 4

WNT Ventures

InvestingAIP Eligible
Target Return:25% IRR
Min Investment:NZD $100,000

$35m Seed to Series A deep tech specialist with proven top quartile performance backed by realisations

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PCG Diversified New Zealand Private Debt Fund

PCG

OpenAIP Eligible
Target Return:8% - 10% p.a.
Min Investment:NZD $100,000

Open-ended PIE with senior secured loans, weekly liquidity, and monthly cash distributions

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DE Capital Fund

DE Capital

OpenAIP Eligible
Target Return:10% - 14% p.a.
Min Investment:NZD $100,000

Senior secured loans plus warrants to mid-market NZ businesses with regular income and equity upside

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Henton Fund 2

Henton Capital

OpenAIP Eligible
Target Return:9% - 12% p.a.
Min Investment:NZD $100,000

Selective mid-market credit fund for established NZ companies with experienced credit team

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Hunter Diversified Private Credit Fund

Hunter Capital

OpenAIP Eligible
Target Return:8% - 11% p.a.
Min Investment:NZD $100,000

Diversified exposure to non-bank lending with monthly subscriptions/redemptions and 7+ years track record

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Peninsula Credit Fund II LP

Peninsula Capital

OpenAIP Eligible
Target Return:9% - 12% p.a.
Min Investment:NZD $100,000

Quarterly cash returns through senior secured loans leveraging deep NZ industry networks

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Collinson Wealth New Zealand Investment Fund - Growth Business Loans

Collinson Wealth

OpenAIP Eligible
Target Return:10% - 14% p.a.
Min Investment:NZD $100,000

Growth business loans to expansion phase companies with established revenue streams

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Pioneer Capital Private Debt 2

Pioneer Capital

OpenAIP Eligible
Target Return:8% - 12% p.a.
Min Investment:NZD $250,000

Established private debt strategy from NZ's largest and most experienced private capital investor

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Kākāpō Responsible Investment Fund

Bancorp

OpenAIP Eligible
Target Return:10% - 15% p.a.
Min Investment:NZD $100,000

AIP-focused mature private equity with responsible environmental and social impact focus

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Seedling Next Gen Agri Limited Partnership

Seedling

OpenAIP Eligible
Target Return:9% IRR
Min Investment:NZD $100,000

Strategic investment reshaping NZ dairy farming through sustainable practices and regenerative agriculture

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Fidelity Capital Sustainable Energy Fund

Fidelity Capital Partners

OpenAIP Eligible
Target Return:7% - 9% p.a.
Min Investment:NZD $100,000

Investment-grade private credit lending to regulated Lines Companies for clean energy grid infrastructure

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Matū Karihi Fund

Matū Karihi

InvestingAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

Specialist early-stage fund for companies spinning out from R&D in NZ science and technology sector

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Icehouse Ventures Seed Fund IV LP

Icehouse Ventures

FundraisingAIP Eligible
Target Return:20% - 30% IRR
Min Investment:NZD $50,000

~30 of NZ's leading high-growth technology companies at pre-seed to pre-Series A stages

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2040 Ventures Climate Fund

2040 Ventures

OpenAIP Eligible
Target Return:25% IRR
Min Investment:NZD $100,000

Award-winning climate investor targeting 25% IRR by backing companies mitigating 50M tonnes CO2-e before 2035

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MyFarm KiwiFruit Fund Limited Partnership

MyFarm Investments

OpenAIP Eligible
Target Return:10% - 10% p.a.
Min Investment:NZD $100,000

Diversified portfolio of established SunGold kiwifruit orchards and Zespri shares with strong track record

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MyFarm Solar Fund Limited Partnership

MyFarm Investments

OpenAIP Eligible
Target Return:10% - 12% p.a.
Min Investment:NZD $50,000

Portfolio of solar farms across NZ with projected returns supported by long-term Power Purchase Agreements

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Castlerock Partners Fund

Castlerock Partners

OpenAIP Eligible
Target Return:8% - 15% p.a.
Min Investment:NZD $100,000

Income-oriented private equity fund with 8% quarterly distributions targeting great Kiwi businesses

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Icehouse Ventures Seed Fund IV

Icehouse Ventures

OpenAIP Eligible
Target Return:15% - 25% IRR
Min Investment:NZD $50,000

Fourth vintage of New Zealand's most active early-stage venture fund backing brave Kiwi founders

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CQuest Forestry Fund Limited Partnership

MyFarm Investments

OpenAIP Eligible
Target Return:9% - 12% p.a.
Min Investment:NZD $50,000

Carbon and production forestry assets targeting up to 2000 hectares managed by MyFarm

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2040 Ventures Punakaiki Fund

2040 Ventures

OpenAIP Eligible
Target Return:20% IRR
Min Investment:NZD $100,000

Evergreen venture capital fund with proven track record of successful exits including Vend, Timely, and Linewize

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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.