PCG Diversified New Zealand Private Debt Fund
Managed by PCG
Overview
The PCG Diversified New Zealand Private Debt Fund is an open-ended unit trust managed by New Zealand Private Debt Management Limited (PCG) in Auckland, investing in private credit secured by first mortgages on New Zealand assets. The fund is structured as a PIE and targets a regular monthly income, aiming to deliver returns above the Official Cash Rate net of fees. It is available to wholesale and eligible investors only, with redemptions processed at the manager's discretion and proceeds paid within ten business days of acceptance, subject to gate provisions. The fund appears on the NZTE Acceptable Managed Funds list under the growth category.
Fund Overview
Open-ended PIE with senior secured loans and weekly liquidity
Asset Class
Private Credit
Structure
PIE
Fund Documents
Documents are published by the issuer. Review the current version in full and seek independent advice before investing.
Get Started
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 PCG Diversified New Zealand Private Debt Fund?
Open-ended PIE with senior secured loans and weekly liquidity
Who manages PCG Diversified New Zealand Private Debt Fund?
PCG Diversified New Zealand Private Debt Fund is managed by PCG (NZBN 9429048716864) 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 PCG Diversified New Zealand Private Debt Fund?
PCG Diversified New Zealand Private Debt Fund 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 PCG Diversified New Zealand Private Debt Fund evergreen or a closed-end fund?
PCG Diversified New Zealand Private Debt Fund is an evergreen fund — it is permanently open for subscription rather than running on fixed vintages. New investors can typically apply at any time subject to capacity, manager discretion, and the fund's stated subscription windows. Redemption terms are set in the Information Memorandum and vary by fund.
What is the minimum investment in PCG Diversified New Zealand Private Debt Fund?
The minimum investment is NZ$125K per the fund's current Information Memorandum. Minimums may change for new vintages or at manager discretion — confirm the current minimum directly with the manager before subscribing.
Is PCG Diversified New Zealand Private Debt Fund wholesale-only?
Yes — PCG Diversified New Zealand Private Debt Fund 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 PCG Diversified New Zealand Private Debt Fund a PIE fund?
PCG Diversified New Zealand Private Debt Fund 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).
What is the management fee for PCG Diversified New Zealand Private Debt Fund?
PCG Diversified New Zealand Private Debt Fund charges a management fee of 0.75% per annum, sourced from the fund's current Information Memorandum. Fees may be charged on a different basis for different unit classes — confirm the fee schedule applicable to your subscription with the manager. Performance fees, entry/exit fees, and reimbursable expenses may apply in addition; the IM itemises the full fee stack.
Is PCG Diversified New Zealand Private Debt Fund eligible for the Active Investor Plus (AIP) visa?
PCG Diversified New Zealand Private Debt Fund 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 PCG Diversified New Zealand Private Debt Fund launched?
PCG Diversified New Zealand Private Debt Fund was launched in 2015. 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.
What is the target return for PCG Diversified New Zealand Private Debt Fund?
Per the fund's current Information Memorandum, the target return is: "Reserve Bank of New Zealand Official Cash Rate + 4.0% (net of management fees and fund costs and before tax)". Target returns are forward-looking projections set by the manager and are not guarantees of future performance. Actual returns may differ materially from target. Review the IM's full target-return language, fee deductions, and accompanying risk factors before relying on this figure.
How can I redeem from PCG Diversified New Zealand Private Debt Fund?
Redemption windows are at manager's discretion; proceeds paid within 10 business days of acceptance, per the fund's current Information Memorandum. The manager may suspend or defer redemptions in the interests of investors as a whole — review the IM's gate-provision language for the full mechanics. Wholesale funds with monthly or quarterly redemptions are not equivalent to bank-style on-demand liquidity.
Where can I read the IM or PDS for PCG Diversified New Zealand Private Debt Fund?
PCG Diversified New Zealand Private Debt Fund has a public Information Memorandum (IM) linked from its Wholesale Investor NZ profile page. Documents are sourced from the manager's own published disclosures. Some wholesale funds gate full disclosure behind a wholesale-investor self-certification — review the document index on the fund page and contact the manager if a specific document is not surfaced.