Overview
The Emerald Timberland Impact Fund is a New Zealand wholesale-only limited partnership managed by Roger Dickie (Waverley) that invests in timberland and carbon assets, generating value through domestic timber production and participation in the Emissions Trading Scheme carbon markets. The fund is closed-ended with a vintage structure, available to wholesale and eligible investors only. It has been approved by New Zealand Trade and Enterprise as an Acceptable Managed Fund under the Active Investor Plus programme, classified as a growth investment.
Fund Overview
Wholesale-only timberland and carbon investment LP generating value from NZ timber + ETS carbon markets. AIP Growth Visa compliant (NZTE pre-approved 10 Nov 2025). $500K minimum.
Asset Class
Forestry
Structure
Limited Partnership
Between Vintages
This fund isn't currently accepting new investment. Register your interest and we'll let you know when the next vintage opens.
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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 Emerald Timberland Impact Fund?
Wholesale-only timberland and carbon investment LP generating value from NZ timber + ETS carbon markets. AIP Growth Visa compliant (NZTE pre-approved 10 Nov 2025). $500K minimum.
Who manages Emerald Timberland Impact Fund?
Emerald Timberland Impact Fund is managed by Roger Dickie (FSPR FSP512246, NZBN 9429038540950) based in Waverley. 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 Emerald Timberland Impact Fund?
Emerald Timberland Impact Fund is classified as Forestry 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 Emerald Timberland Impact Fund evergreen or a closed-end fund?
Emerald Timberland Impact Fund 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.
Is Emerald Timberland Impact Fund wholesale-only?
Yes — Emerald Timberland Impact 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 Emerald Timberland Impact Fund a Limited Partnership?
Emerald Timberland Impact Fund is structured as a Limited Partnership (LP). LP income flows through to the investor and is taxed at the investor's marginal rate (up to 39% above NZ$180,000 of taxable income for 2024-25). Investors receive IR7 partnership tax statements annually and report the income on their personal IR3 return. The LP structure is common for private equity, venture capital, and direct-property syndicates in New Zealand.
Is Emerald Timberland Impact Fund eligible for the Active Investor Plus (AIP) visa?
Emerald Timberland Impact Fund 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.
Where can I read the IM or PDS for Emerald Timberland Impact Fund?
Emerald Timberland Impact 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.