Overview
Movac Growth 7 is a closed-ended venture capital fund managed by Auckland-based Movac, targeting high-growth New Zealand technology companies with established management teams and ambitions to scale globally. The fund focuses on businesses with a demonstrated growth trajectory and robust governance, seeking to support them toward significant revenue scale. It 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
NZ$150-200M venture capital fund (minimum $150M, with potential for oversubscription to $250M) backing high-growth NZ technology companies with established management and ambition to scale globally past $100M revenue.
Asset Class
Venture Capital
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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 Movac Growth 7?
NZ$150-200M venture capital fund (minimum $150M, with potential for oversubscription to $250M) backing high-growth NZ technology companies with established management and ambition to scale globally past $100M revenue.
Who manages Movac Growth 7?
Movac Growth 7 is managed by Movac (NZBN 9429042545880) 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 Movac Growth 7?
Movac Growth 7 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 Movac Growth 7 evergreen or a closed-end fund?
Movac Growth 7 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 Movac Growth 7?
Minimum investments across Movac Growth 7'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 Movac Growth 7 wholesale-only?
Yes — Movac Growth 7 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 Movac Growth 7 a Limited Partnership?
Movac Growth 7 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 Movac Growth 7 eligible for the Active Investor Plus (AIP) visa?
Movac Growth 7 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 Movac Growth 7?
Movac Growth 7 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.