Investment Glossary

Learn key terms and concepts for wholesale investing in New Zealand. Understanding these fundamentals will help you evaluate investment opportunities.

Investor Types

Wholesale Investor

Investor meeting FMCA criteria for wholesale access

Eligible Investor

Investor certified by a financial advisor

Fund Structures

PIE Fund

Tax-efficient Portfolio Investment Entity

Limited Partnership

Flow-through tax structure common in PE/VC

Managed Investment Scheme

Collective investment vehicle

Asset Classes

Private Credit

Non-bank lending to businesses and developers

Venture Capital

Investment in early-stage, high-growth companies

Private Equity

Investment in established private companies

Financial Terms

IRR

Internal Rate of Return - annualized return metric

LVR

Loan-to-Value Ratio - lending risk measure

First Mortgage

Senior secured property lending

NZ-Specific

FMA

Financial Markets Authority - NZ regulator

AIP Visa

Active Investor Plus immigration pathway

PIR

Prescribed Investor Rate for PIE taxation

All Terms A-Z

AIP Visa Eligible Investor First Mortgage FMA IRR Limited Partnership LVR Managed Investment Scheme PIE Fund PIR Private Credit Private Equity Venture Capital Wholesale Investor

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Educational Content Disclaimer

This glossary provides general educational information only and does not constitute financial, legal, or tax advice. Definitions are simplified for educational purposes.

Before making any investment decision, you should seek independent advice from appropriately qualified professionals.