Overview
The Aviation and Aerospace New Zealand Fund (AANZ) is a closed-ended, vintage-structured infrastructure fund managed by Bancorp that owns and leases modern helicopters to large New Zealand fleet operators, including those providing emergency medical, search-and-rescue, and government-contracted services. The fund is fully asset-backed and targets regular distributions to investors. It is available to wholesale and eligible investors only, and holds pre-approval under the Growth Category of the New Zealand Trade and Enterprise Approved Investment Plan list. Investors have access to liquidity after a three-year holding period.
Fund Overview
Aviation and Aerospace New Zealand Fund (AANZ) — conservative, 100% asset-backed regular distribution fund managed by Bancorp. Owns and leases modern helicopters to large NZ fleet operators (emergency medical, search-and-rescue, government contracts). 3-year liquidity. AIP Growth Category pre-approved.
Asset Class
Infrastructure
Structure
Fund
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Quick Info
This information is for wholesale investors only and does not constitute financial advice. All investments carry risk. Please seek professional advice before making investment decisions.
Frequently Asked Questions
What is AANZ?
Aviation and Aerospace New Zealand Fund (AANZ) — conservative, 100% asset-backed regular distribution fund managed by Bancorp. Owns and leases modern helicopters to large NZ fleet operators (emergency medical, search-and-rescue, government contracts). 3-year liquidity. AIP Growth Category pre-approved.
Who manages AANZ?
AANZ is managed by Aviation Aerospace New Zealand (NZBN 9429052879432) based in Auckland. Manager registration on the Financial Service Providers Register is a legal requirement under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and does not itself constitute an endorsement.
What asset class is AANZ?
AANZ is classified as Infrastructure on Wholesale Investor NZ. Asset-class classification reflects the fund's stated investment focus per its Information Memorandum and is provided for navigation purposes only — review the IM for the full strategy and risk profile.
Is AANZ evergreen or a closed-end fund?
AANZ is a closed-end fund — it raises capital during a defined vintage window and runs to fund maturity. Capital is typically returned via distributions during operation and a final wind-up at fund maturity. Check whether a current vintage is open before applying.
What is the minimum investment in AANZ?
Minimum investments across AANZ's currently listed offers range from NZ$100K. Minimums are set per offer and may change for new vintages — confirm the current minimum in the relevant Information Memorandum before subscribing.
Is AANZ wholesale-only?
Yes — AANZ is offered on a wholesale-only basis under Schedule 1 of the Financial Markets Conduct Act 2013. Subscription requires self-certification under one of the seven Schedule 1 pathways (typically the NZ$5M net-assets "large person" pathway or an accountant- or lawyer-signed eligible-investor certificate per Clauses 38-40). Wholesale-only funds do not publish a retail Product Disclosure Statement and do not appear on the Disclose Register.
Is AANZ eligible for the Active Investor Plus (AIP) visa?
AANZ is flagged as AIP-eligible on Wholesale Investor NZ, indicating it appears (or has appeared) on NZTE's Acceptable Managed Funds list for AIP visa applicants. The visa requires NZ$5M (Growth Category, 36-month hold) or NZ$10M (Balanced Category, 60-month hold) in acceptable investments held continuously for the full period. Eligibility determination sits with NZTE + Immigration NZ — verify against the live NZTE list before relying on this classification, and see our AIP eligibility guide for the full statutory framework.
When was AANZ launched?
AANZ was launched in 2020. Operational tenure is one input to evaluating manager track record but does not itself indicate likely future performance — past performance is not a reliable indicator of future returns per FMA fair-dealing guidance. Request audited financial statements covering the full operating period before subscribing.
Where can I read the IM or PDS for AANZ?
AANZ is a wholesale-only fund and the manager does not publish a retail-accessible Information Memorandum on Wholesale Investor NZ. Wholesale-only funds typically share the IM directly with prospective investors after a Schedule 1 self-certification under the Financial Markets Conduct Act 2013. Contact the manager to request the IM and the certification process.