Peninsula Credit Fund II LP
Managed by Peninsula Capital
Overview
Peninsula Credit Fund II LP is an open-ended limited partnership managed by Peninsula Capital in Auckland, investing in a diversified portfolio of senior-secured loans to established New Zealand businesses. The fund targets a regular quarterly income and aims for a strong risk-adjusted return, structured to offer favourable tax treatment for offshore investors. It is available to wholesale and eligible investors only and appears on the NZTE Acceptable Managed Funds list under the growth category.
Fund Overview
Open-ended Limited Partnership investing in diversified senior-secured loans to established NZ businesses. Target return 9.2% p.a. (BKBM bank bill rate + 3.5% margin). Quarterly cash distributions. Initial fund size target NZ$60M with NZ$150M final close. Favourable offshore-investor tax treatment.
Asset Class
Private Credit
Structure
Limited Partnership
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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 Peninsula Credit Fund II LP?
Open-ended Limited Partnership investing in diversified senior-secured loans to established NZ businesses. Target return 9.2% p.a. (BKBM bank bill rate + 3.5% margin). Quarterly cash distributions. Initial fund size target NZ$60M with NZ$150M final close. Favourable offshore-investor tax treatment.
Who manages Peninsula Credit Fund II LP?
Peninsula Credit Fund II LP is managed by Peninsula Capital (NZBN 9429049300291) 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 Peninsula Credit Fund II LP?
Peninsula Credit Fund II LP 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 Peninsula Credit Fund II LP evergreen or a closed-end fund?
Peninsula Credit Fund II LP 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 Peninsula Credit Fund II LP?
Minimum investments across Peninsula Credit Fund II LP'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 Peninsula Credit Fund II LP wholesale-only?
Yes — Peninsula Credit Fund II LP 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 Peninsula Credit Fund II LP a Limited Partnership?
Peninsula Credit Fund II LP 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 Peninsula Credit Fund II LP eligible for the Active Investor Plus (AIP) visa?
Peninsula Credit Fund II LP 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 Peninsula Credit Fund II LP launched?
Peninsula Credit Fund II LP was launched in 2020. 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 Peninsula Credit Fund II LP?
Peninsula Credit Fund II LP 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.