Evergreen NZ Wholesale Funds

Floating-rate corporate-lending fund from AAM (Aotea Asset Management) — NZ's first domestically owned private-credit manager. Floating-rate margin above the Official Cash Rate (OCR). Wholesale-only, FMCA Clause 3 exemption. Details from manager: will@aotea-am.co.nz. Referenced in WI blog 2024-returns table editorial; fund row added 2026-05-19 as placeholder pending direct manager confirmation of target return / minimum / structure / inception date.

Property-backed private credit fund offering 8% p.a. returns (before tax, after fees). Invests in business loans secured by first and second-ranking mortgages over New Zealand property with a typical maximum LVR of 75%. Structured as a PIE with tax capped at 28% for investors including trusts. Target borrowers include companies, trusts, and experienced individuals in real estate for bridging, refurbishment, and working capital purposes.

First mortgage secured lending on NZ commercial and residential property

Wholesale fund with 2-year minimum term offering bonus returns above retail fund

Diversified exposure to non-bank lending with monthly liquidity and 7+ years track record

Wholesale fund investing in the underlying Midlands Smarter PIE Fund. Provides exposure to residential, commercial and rural property mortgages throughout New Zealand. Offers lower fees than retail through quarterly fee rebates, with $100,000 minimum investment and 30-60 day redemption notice. Returns announced quarterly and may be distributed or reinvested.

Property-backed investment fund with $120 million in total security and $52 million investment pool. Minimum investment of $5,000 with no entry or exit fees. Loans secured against New Zealand property across all regions.

First and second mortgage fund targeting higher returns. Target return ~10.42% p.a. (8.0% p.a. plus 30-day BKBM, paid monthly). Max weighted portfolio LVR of 75%. 12 month redemption notice.

First mortgage fund providing exposure to a securitised lending facility (Est. 2022) with a diversified and seasoned portfolio, now majority funded by Westpac New Zealand. Target return ~6.92% p.a. (4.5% p.a. plus 30-day BKBM, paid monthly). Max weighted portfolio LVR of 62.7% with 5% first-loss investment safeguard on a look-through basis. 3 month redemption notice.

Actively managed portfolio of registered first mortgage loans covering NZ and Australian commercial real estate. Target return ~7.42% p.a. (5.0% p.a. plus 30-day BKBM, paid monthly). Max weighted portfolio LVR of 67.5% with $10m parent-company balance-sheet buffer. 6 month redemption notice.

Open-ended PIE with senior secured loans and weekly liquidity

Open-ended Limited Partnership investing in diversified senior-secured loans to established NZ businesses. Target return 9.2% p.a. (BKBM bank bill rate + 3.5% margin). Quarterly cash distributions. Initial fund size target NZ$60M with NZ$150M final close. Favourable offshore-investor tax treatment.

Higher income focus fund targeting regular distributions through income-generating investments.

Diversified higher risk loans secured by residential property including first and second mortgages. Portfolio approach to reduce specific investment risk.

Construction mortgages up to $2 million secured by first mortgages. Higher returns for construction finance risk.

Residential mortgages up to $2 million secured by first mortgage. Conservative lending with lower risk profile.

Developer-backed wholesale lending funds secured by property

Open-ended private equity fund managed by ForthCo Limited, backing proven profitable NZ businesses ($10-100M EV) with quarterly distributions and redemptions. Target return 12% p.a. $100,000 minimum. AIP Growth Category pre-approved (NZTE-listed as "ForthCo Limited" 2025-08-27).

Evergreen private equity fund managed by Bancorp. Invests in NZ businesses with long-term prospects and enterprise values typically over $5M. Distribution-focused: targets 8% p.a. annual return on fund value plus long-term capital growth. $100,000 minimum (Bancorp discusses individual circumstances). Wholesale investors only.

Senior secured loans plus warrants to mid-market NZ businesses with equity upside

Concentrated equity portfolio focused on high conviction investment opportunities with active stock selection.

International exposure fund focused on strategic growth opportunities across global markets.

NZ's first and largest evergreen venture capital company. Total assets NZ$129M (31 Mar 2026) across 18 revenue-generating portfolio companies. Wholesale minimum NZ$50,000 via Catalist. Manager: 2040 Ventures Limited. AIP Growth pre-approved.

Multi-asset commercial real estate fund focused on industrial properties in Auckland

Core fund investing in listed property and infrastructure assets globally.

NZ dairy farm-land ownership MIS managing 4 farms with ~3,700 cows. Targets 5,000 head and 2,000 hectares. $50,000 minimum, $10K increments. Retail-eligible (PDS via Disclose Register). NOT NZTE AIP-pre-approved.

Diversified portfolio of established SunGold kiwifruit orchards and Zespri shares

Carbon and production forestry assets targeting up to 2000 hectares

Active long/short Australasian equities fund seeking absolute returns. Wholesale version for investors with $10M+.

Concentrated portfolio of quality Australian equities with strong cash flows and growth prospects. Wholesale version for investors with $10M+.

Income-focused fund targeting quality dividend-paying Australasian companies. Wholesale version for investors with $10M+.

Global equities fund with ESG focus. Devon is a RIAA Responsible Investment Leader. Wholesale version for investors with $10M+.

ESG-focused Australasian equities fund. Devon is a RIAA Responsible Investment Leader. Wholesale version for investors with $10M+.

Award-winning fund investing across NZ and Australian equities. Fund Manager of the Year: Domestic Equities 2024. Wholesale version for investors with $10M+.

Core Australian equity fund providing exposure to ASX-listed companies.

Core international equity fund providing diversified global equity exposure.

Core New Zealand equity fund providing exposure to NZX-listed companies.

Multi-asset income fund across equities, credit, and other income-generating securities. Wholesale version for investors with $10M+.

Multi-asset fund with balanced allocation between growth and income assets.

Multi-asset fund with a conservative allocation targeting capital preservation with modest growth.

Absolute return strategy fund providing diversified exposure to alternative investment strategies.

Multi-asset fund with growth-oriented allocation focused on capital appreciation.

Multi-asset fund designed for charitable and philanthropic investors.

NZD-denominated green and sustainable bond fund. Wholesale version for investors with $10M+.

Fixed income fund investing in bonds with positive environmental and social impact. Wholesale version for investors with $10M+.

Core international fixed income fund investing in global government and corporate bonds.

Core New Zealand fixed income fund investing in NZ government and corporate bonds.

Portfolio of solar farms across NZ with long-term Power Purchase Agreements