Private Credit Investment Opportunities in New Zealand
Access wholesale private credit funds offering direct lending to NZ businesses and property developments with target returns of 8-14% p.a.
Compare Top Opportunities
Finbase Direct Lending Opportunities
by Finbase
Choose individual first mortgages - 8-8.5% p.a.
Squirrel Wholesale Construction Loan Fund
by Squirrel
Bank rates + 2.25% p.a. from construction lending
Obsidian Contributory Mortgage Scheme
Choose your own mortgages - 7.71% current returns
Squirrel Wholesale Home Loan Fund
by Squirrel
Bank rates + 1.75% p.a. from residential mortgages
Squirrel Specialised Income Fund
by Squirrel
Over 9% p.a. returns from diversified property lending
NetCredit Unit Trust
by NetFunds
RBNZ +7% p.a. target, PIE compliant
Newland Credit Fund
by Newland
Working capital & growth loans
Hunter Diversified Private Credit Fund
8-11% p.a. with monthly liquidity
Peninsula Credit Fund II LP
9-12% p.a. quarterly distributions
Pioneer Capital Private Debt 2
8-12% p.a. from proven debt strategy
PCG Diversified New Zealand Private Debt Fund
by PCG
8-10% p.a. with weekly liquidity
Williams Corporation Capital
10% p.a. returns secured by property
FMT Wholesale Fund
30 years, no capital losses, bonus returns
Finbase PIE Fund
by Finbase
9% p.a. with first mortgage security
Williams Corporation First Mortgage Investments
10% p.a. first mortgage returns
Williams Corporation Completed Homes LP
10% p.a. secured by completed homes
About This Category
Private credit investing in New Zealand provides wholesale investors with access to direct lending opportunities across business loans, property development finance, and specialty finance sectors. As traditional bank lending has become more constrained, private credit funds have emerged to fill the gap, offering attractive risk-adjusted returns through senior secured loans, mezzanine debt, and specialty finance.
NZ private credit funds typically focus on property development lending, SME business loans, trade finance, invoice financing, and specialty sectors like vehicle finance or equipment leasing. Most funds target senior secured positions with loan-to-value ratios of 60-75%, providing downside protection through first-ranking security over assets.
Target returns for private credit funds generally range from 8-14% per annum, with senior secured property lending at the lower end (8-10%) and mezzanine/subordinated debt at the higher end (12-14%). Funds typically distribute income monthly or quarterly from interest payments, making them attractive for income-focused investors.
Frequently Asked Questions
How safe is private credit investing?
Private credit funds mitigate risk through: senior secured positions (first-ranking security), conservative loan-to-value ratios (typically 60-75%), diversification across multiple loans, and experienced credit assessment. However, default risk exists, particularly in property development lending. Quality fund managers with strong underwriting and active loan management are essential.
What returns do private credit funds offer?
NZ private credit funds typically target 8-14% p.a. gross returns. Senior secured property lending targets 8-10%, SME business lending 10-12%, and mezzanine/subordinated debt 12-14%. Returns come primarily from interest income distributed monthly or quarterly, with minimal capital appreciation expected.
Are private credit funds liquid?
Most private credit funds offer limited liquidity with quarterly or annual redemption windows, subject to fund liquidity and notice periods (typically 30-90 days). Some closed-end funds lock capital for 2-3 years. Open-ended funds maintain liquidity reserves to meet redemptions but may suspend redemptions during market stress.
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AIP Visa Support
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For wholesale and eligible investors only. Minimum investment typically $50,000+.