Overview
The FMT Wholesale Fund is a private credit fund managed by First Mortgage Trust, based in Tauranga. It operates as an evergreen, open-ended structure and is available to wholesale investors only. The fund carries a two-year minimum investment term and is designed to offer returns above those available through First Mortgage Trust's retail fund, providing a bonus for eligible participants who commit at the wholesale level.
Fund Overview
Wholesale fund with 2-year minimum term offering bonus returns above retail fund
Asset Class
Private Credit
Structure
Fund
Investment Opportunities (1)
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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 FMT Wholesale Fund?
Wholesale fund with 2-year minimum term offering bonus returns above retail fund
Who manages FMT Wholesale Fund?
FMT Wholesale Fund is managed by First Mortgage Trust (FSPR FSP31642, NZBN 9429038360961) based in Tauranga. 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 FMT Wholesale Fund?
FMT 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 FMT Wholesale Fund evergreen or a closed-end fund?
FMT 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.
What is the minimum investment in FMT Wholesale Fund?
Minimum investments across FMT Wholesale Fund's currently listed offers range from NZ$500K. Minimums are set per offer and may change for new vintages — confirm the current minimum in the relevant Information Memorandum before subscribing.
Is FMT Wholesale Fund wholesale-only?
Yes — FMT 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.
When was FMT Wholesale Fund launched?
FMT Wholesale Fund was launched in 2015. 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 FMT Wholesale Fund?
FMT 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.