Hunter Diversified Private Credit Fund vs PG Global Alternatives Fund

The most material structural difference is asset class and return objective: Hunter invests in private credit targeting "4% per annum higher than the New Zealand Official Cash Rate over a rolling 3-year period," while PG Global Alternatives invests in private equity targeting "NZ Official Cash Rate + 3%" — a narrower stated premium over the same benchmark. Both are PIE-structured trusts sharing the same supervisor, The New Zealand Guardian Trust Company Limited, and both are PIR-eligible.

Access and liquidity differ significantly. Hunter requires a $100,000 minimum investment and processes redemptions monthly, with gate provisions allowing suspension for up to six months or partial redemption if liquidity is insufficient. PG Global Alternatives sets a $1,000 minimum — one hundred times lower — and permits redemptions "at any time," subject to a $10 million per-account rolling four-week gate. Hunter's IM does not disclose a performance fee; PG Global Alternatives charges a 10% performance fee on top of its 1.4% management fee, compared to Hunter's 0.83% management fee with no performance fee disclosed.

Hunter's inception date is recorded as December 2016, giving it a longer observable track record; PG Global Alternatives' inception date is not on file. Hunter's IM notes Harbour Asset Management Limited as manager; PG Global Alternatives is managed by PG Funds Limited. Neither fund has an FSP number on file in this dataset. Readers should verify all figures, fees, and terms against each fund's current source IM or PDS before relying on this summary.