Icehouse Ventures Growth Fund III
Managed by Icehouse Ventures
Overview
Icehouse Ventures Growth Fund III is a closed-ended venture capital fund managed by Icehouse Ventures in Auckland, structured as a limited partnership with a ten-year term. It invests in New Zealand-founded or New Zealander-led technology companies raising growth-stage capital, spanning Series A through Series D+, and targets a diversified portfolio of around twenty to thirty high-growth companies across hardware, software, deep-tech, agritech, and AI. The fund is open to wholesale investors only and is eligible for the Active Investor Plus visa under the growth category on the NZTE Acceptable Managed Funds list.
Fund Overview
Invests in New Zealand-founded technology companies raising growth-stage capital (Series A through Series D+), targeting a diversified portfolio of 20-30 high-growth companies across hardware, software, deep-tech, agritech and AI.
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 Icehouse Ventures Growth Fund III?
Invests in New Zealand-founded technology companies raising growth-stage capital (Series A through Series D+), targeting a diversified portfolio of 20-30 high-growth companies across hardware, software, deep-tech, agritech and AI.
Who manages Icehouse Ventures Growth Fund III?
Icehouse Ventures Growth Fund III is managed by Icehouse Ventures (FSPR FSP18944, NZBN 9429033908489) 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 Icehouse Ventures Growth Fund III?
Icehouse Ventures Growth Fund III 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 Icehouse Ventures Growth Fund III evergreen or a closed-end fund?
Icehouse Ventures Growth Fund III 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 Icehouse Ventures Growth Fund III?
Minimum investments across Icehouse Ventures Growth Fund III's currently listed offers range from NZ$50K. Minimums are set per offer and may change for new vintages — confirm the current minimum in the relevant Information Memorandum before subscribing.
Is Icehouse Ventures Growth Fund III wholesale-only?
Yes — Icehouse Ventures Growth Fund III 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 Icehouse Ventures Growth Fund III a Limited Partnership?
Icehouse Ventures Growth Fund III 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 Icehouse Ventures Growth Fund III eligible for the Active Investor Plus (AIP) visa?
Icehouse Ventures Growth Fund III 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 Icehouse Ventures Growth Fund III?
Icehouse Ventures Growth Fund III 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.