Hunter Diversified Private Credit Fund vs PG Income Opportunities Fund

The most material structural difference is asset class and return objective. Hunter Diversified Private Credit Fund is a dedicated private credit vehicle targeting "4% per annum higher than the New Zealand Official Cash Rate over a rolling 3-year period," while PG Income Opportunities Fund spans equity and fixed income with a target of "NZ Official Cash Rate + 2.5%" — a meaningfully lower stated hurdle and broader asset-class scope. Note that Hunter's target return is drawn from its PDS, whereas PG's figure is flagged as not on file from its SIPO, so direct comparison should be treated with some caution.

Liquidity terms diverge sharply. Hunter offers monthly redemptions but includes a gate provision allowing suspensions of up to six months and partial or zero redemptions if liquidity is insufficient. PG permits redemptions "at any time" but caps withdrawals at $10 million per investor account per rolling four weeks — a structural rather than discretionary constraint. PG also distributes monthly versus Hunter's quarterly distributions.

Access differs substantially: Hunter requires a $100,000 minimum investment and its IM implies a wholesale-only audience, while PG sets a $1,000 minimum and is not restricted to wholesale investors. Management fees are 0.83% for Hunter and 0.95% for PG. Both are PIE-structured unit or plain trusts, both are PIR-eligible, and both share the same supervisor, The New Zealand Guardian Trust Company Limited. Hunter has been operating since December 2016; PG's inception date is not disclosed in the extracted data.

Always verify these details against each fund's current source IM or PDS before relying on them for any investment decision.