What is NZTE Acceptable Managed Funds?

NZTE Acceptable Managed Funds is the public list of NZ wholesale managed funds that New Zealand Trade and Enterprise has accepted as qualifying for the Active Investor Plus (AIP) visa investment requirement.

Why the list exists: AIP applicants must invest NZ$5M (Growth) or NZ$10M (Balanced) in "acceptable investments" per Immigration NZ operational instructions BJ1. NZTE pre-approves specific managed funds as acceptable, allowing AIP applicants to invest in a listed fund without separately submitting their own investment proposal for NZTE assessment.

Categories: - Growth — funds that meet the Growth Category requirements (NZ private equity, venture capital, growth-stage business investments). - Balanced — funds that meet the Balanced Category requirements (broader, includes diversified portfolios with listed equities and bonds). - Both — funds that qualify for either category.

Inclusion criteria (not exhaustive, applicable variation per fund): - The fund is wholesale-class only or has a wholesale class accessible to AIP applicants. - The investment policy targets NZ-based businesses or assets. - The fund is FMCA-compliant and the manager is FSPR-registered. - The fund maintains continuous investment in qualifying assets (not just an initial deployment). - The fund's manager commits to providing annual confirmation reporting to NZTE on each AIP investor's ongoing holding.

Key caveats (the public-facing page does not state these plainly): - The list is not static. Funds are added and removed as their deployment posture changes. NZTE has removed previously-listed funds without specifying reasons; managers can also withdraw voluntarily. - Listing is not endorsement. NZTE accepting a fund for AIP purposes does not constitute investment advice or any assessment of return likelihood. The applicant remains responsible for due diligence on the manager. - Fund presence on the list does not bind the residence decision. INZ retains discretion to reject the application if other criteria are not met. - Category matters. A Growth-only fund cannot count toward Balanced Category. Misallocating capital between categories at investment time cannot be unwound retrospectively without restarting the four-year clock.

Where to find the current list: the live list is published by NZTE at nzte.govt.nz/active-investor-plus-visa-investor-funding.

Wholesale Investor NZ context: the platform tracks ~75 funds carrying NZTE AIP acceptability flagged as Growth, Balanced, or both. The /aip-eligible-funds hub aggregates them, and per-fund pages note the AIP category alongside other facts. Always verify a fund's current listing on the live NZTE page before relying on the classification — Wholesale Investor NZ reflects the data as last reviewed but the NZTE list is the authoritative source.