Overview
The Obsidian Contributory Mortgage Scheme is a private credit fund managed by Obsidian Group, based in Dunedin. It operates as a contributory mortgage scheme in which wholesale investors select specific mortgage loans for their own portfolio from a manager-curated pipeline of first and second mortgages secured against properties in the Otago, Southland, and Canterbury regions. Lending is subject to conservative loan-to-value ratio limits. The fund is closed-ended in structure and is available to wholesale investors only.
Fund Overview
Choose-your-own contributory mortgage scheme. Investors select specific mortgages for their portfolio from manager-selected loans in Otago, Southland, Canterbury regions. Max 66% LVR first, 80% LVR total.
Asset Class
Private Credit
Structure
Contributory Mortgage
Regulator Source
Canonical PDS, SIPO and financial statements as filed with the FMA on the NZ Disclose Register.
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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 Obsidian Contributory Mortgage Scheme?
Choose-your-own contributory mortgage scheme. Investors select specific mortgages for their portfolio from manager-selected loans in Otago, Southland, Canterbury regions. Max 66% LVR first, 80% LVR total.
Who manages Obsidian Contributory Mortgage Scheme?
Obsidian Contributory Mortgage Scheme is managed by Obsidian Group (NZBN 9429041743904) based in Dunedin. 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 Obsidian Contributory Mortgage Scheme?
Obsidian Contributory Mortgage Scheme 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 Obsidian Contributory Mortgage Scheme evergreen or a closed-end fund?
Obsidian Contributory Mortgage Scheme 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 Obsidian Contributory Mortgage Scheme?
Minimum investments across Obsidian Contributory Mortgage Scheme's currently listed offers range from NZ$10K. Minimums are set per offer and may change for new vintages — confirm the current minimum in the relevant Information Memorandum before subscribing.
Is Obsidian Contributory Mortgage Scheme wholesale-only?
Yes — Obsidian Contributory Mortgage Scheme 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 Obsidian Contributory Mortgage Scheme launched?
Obsidian Contributory Mortgage Scheme was launched in 2018. 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 Obsidian Contributory Mortgage Scheme?
Obsidian Contributory Mortgage Scheme 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.