Hunter Diversified Private Credit Fund vs PG Property and Infrastructure Fund

The most material structural difference is asset focus and disclosure depth. Hunter Diversified Private Credit Fund is explicitly a private credit vehicle targeting "4% per annum higher than the New Zealand Official Cash Rate over a rolling 3-year period," while PG Property and Infrastructure Fund, as its name suggests, targets property and infrastructure assets — though its IM provides no disclosed target return, no fee figure, no redemption frequency, and no distribution frequency, making a like-for-like comparison on those dimensions impossible.

On minimum investment, the gap is substantial: Hunter requires NZD 100,000 at entry; PG sets its minimum at NZD 1,000, a markedly lower barrier. Both funds are PIEs, both are PIR-eligible, both are structured as trusts, and both share the same supervisor, The New Zealand Guardian Trust Company Limited.

Hunter's manager is Harbour Asset Management Limited, operating under the Hunter Capital brand, with an inception date of December 2016. PG's manager is PG Funds Limited; no inception date is on file. Hunter discloses a management fee of 0.83% per annum, monthly redemptions, and quarterly distributions. Hunter's IM also sets out explicit gate provisions — redemptions may be suspended for up to six months and partial or zero redemptions are possible if liquidity is insufficient. PG's IM discloses none of these operational terms.

In short, Hunter offers considerably more disclosed structural detail; PG's sparser disclosure means investors must seek clarification directly from the manager on fees, liquidity terms, and return objectives. Always verify all details against each fund's current source IM or PDS before relying on this summary.