MyFarm Solar Fund vs PCG Diversified New Zealand Private Debt Fund

The most material structural difference is asset class and return mechanics. MyFarm Solar Fund invests in renewable energy infrastructure — physical solar assets — whereas PCG Diversified New Zealand Private Debt Fund deploys capital into private credit secured by first mortgages. This distinction drives fundamentally different risk profiles, return sources, and tax treatment.

On target returns, MyFarm Solar quotes "forecast cash distributions of 10-12% p.a., paid quarterly," with depreciation benefits estimated to lift the tax-equivalent return to "an average 15% p.a. return on a fully taxable investment, from years two to ten, assuming a tax rate of 33%" — a fixed-rate projection tied to asset performance. PCG targets a floating rate: "Reserve Bank of New Zealand Official Cash Rate + 4.0% (net of management fees and fund costs and before tax)," meaning returns move with monetary policy.

PCG is structured as a PIE Unit Trust, confirmed PIR-eligible, with a 0.75% management fee disclosed and Public Trust as supervisor — none of these structural details are confirmed in MyFarm's extracted facts. MyFarm discloses an LVR cap of 35% and AIP eligibility; PCG's IM does not specify an LVR cap. PCG carries explicit gate provisions allowing redemption suspensions for up to 365 days; MyFarm's IM does not address this. Minimum investments differ materially: NZD 50,000 (MyFarm, June 2025 inception) versus NZD 125,000 (PCG, March 2022 inception). Both are wholesale-only. Distribution frequency differs: quarterly versus monthly.

Readers should verify all details against each fund's source IM or PDS before relying on this summary.