Overview
The NetCredit Unit Trust is a closed-ended, vintage-structured private credit fund managed by NetFunds in Auckland, New Zealand. It provides credit financing to New Zealand small and medium enterprises, with loan maturities averaging around three years. The fund is available to wholesale investors only and targets income above the Reserve Bank of New Zealand's official cash rate. It is listed on the NZTE Acceptable Managed Funds list under the Active Investor Plus Growth Category.
Fund Overview
Private credit financing NZ SMEs with 3-year average maturities targeting RBNZ +7% p.a.
Asset Class
Private Credit
Structure
Unit Trust (PIE)
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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 NetCredit Unit Trust?
Private credit financing NZ SMEs with 3-year average maturities targeting RBNZ +7% p.a.
Who manages NetCredit Unit Trust?
NetCredit Unit Trust is managed by NetFunds (NZBN 9429052281471) based in Auckland, New Zealand. 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 NetCredit Unit Trust?
NetCredit Unit Trust 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 NetCredit Unit Trust evergreen or a closed-end fund?
NetCredit Unit Trust 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 NetCredit Unit Trust?
Minimum investments across NetCredit Unit Trust'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 NetCredit Unit Trust wholesale-only?
Yes — NetCredit Unit Trust 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 NetCredit Unit Trust a PIE fund?
NetCredit Unit Trust is structured as a Portfolio Investment Entity (PIE). PIE distributions are tax-paid at the investor's Prescribed Investor Rate (PIR), capped at 28% per Inland Revenue's PIE rules. PIRs are 10.5%, 17.5%, or 28% depending on the investor's prior-year taxable income. The PIE structure is generally favourable for investors whose marginal tax rate is above 28% (currently above NZ$78,100 of taxable income).
Is NetCredit Unit Trust eligible for the Active Investor Plus (AIP) visa?
NetCredit Unit Trust 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.
When was NetCredit Unit Trust launched?
NetCredit Unit Trust was launched in 2025. 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 NetCredit Unit Trust?
NetCredit Unit Trust 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.