Overview
GD1 Fund 3 LP is a closed-ended vintage venture capital fund managed by GD1, based in Auckland. It takes a generalist approach to investing in early-stage New Zealand technology companies with ambitions to scale globally. The fund is open to wholesale investors only and is eligible for the Active Investor Plus visa under the growth category, appearing on the NZTE Acceptable Managed Funds list.
Fund Overview
$150M generalist fund investing in NZ early-stage technology companies going global
Asset Class
Venture Capital
Structure
Limited Partnership
Fund Size
NZD $150.0M
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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 GD1 Fund 3 LP?
$150M generalist fund investing in NZ early-stage technology companies going global
Who manages GD1 Fund 3 LP?
GD1 Fund 3 LP is managed by GD1 (NZBN 9429033970714) 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 GD1 Fund 3 LP?
GD1 Fund 3 LP is classified as Venture Capital 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 GD1 Fund 3 LP evergreen or a closed-end fund?
GD1 Fund 3 LP 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 GD1 Fund 3 LP?
Minimum investments across GD1 Fund 3 LP'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 GD1 Fund 3 LP wholesale-only?
Yes — GD1 Fund 3 LP 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 GD1 Fund 3 LP a Limited Partnership?
GD1 Fund 3 LP 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.
When was GD1 Fund 3 LP launched?
GD1 Fund 3 LP was launched in 2023. 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 GD1 Fund 3 LP?
GD1 Fund 3 LP 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.