Overview
The Blossum Wholesale Fund is a property-backed private credit fund managed by Blossum (New Zealand), structured as an evergreen open-ended PIE. It invests in business loans secured by first and second-ranking mortgages over New Zealand property, targeting borrowers such as companies, trusts, and experienced individuals in real estate for purposes including bridging, refurbishment, and working capital. The fund targets a regular income return and is available to wholesale investors only.
Fund Overview
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.
Asset Class
Private Credit
Structure
PIE
Get Started
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 Blossum Wholesale Fund?
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.
Who manages Blossum Wholesale Fund?
Blossum Wholesale Fund is managed by Blossum (FSPR FSP1004471, NZBN 9429050758104) based in New Zealand. 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 Blossum Wholesale Fund?
Blossum Wholesale Fund is classified as Private Credit 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 Blossum Wholesale Fund evergreen or a closed-end fund?
Blossum Wholesale Fund is an evergreen fund — it is permanently open for subscription rather than running on fixed vintages. New investors can typically apply at any time subject to capacity, manager discretion, and the fund's stated subscription windows. Redemption terms are set in the Information Memorandum and vary by fund.
Is Blossum Wholesale Fund wholesale-only?
Yes — Blossum Wholesale Fund 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 Blossum Wholesale Fund a PIE fund?
Blossum Wholesale Fund is structured as a Portfolio Investment Entity (PIE). PIE distributions are tax-paid at the investor's Prescribed Investor Rate (PIR), capped at 28% per Inland Revenue's PIE rules. PIRs are 10.5%, 17.5%, or 28% depending on the investor's prior-year taxable income. The PIE structure is generally favourable for investors whose marginal tax rate is above 28% (currently above NZ$78,100 of taxable income).
Where can I read the IM or PDS for Blossum Wholesale Fund?
Blossum Wholesale Fund 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.