Wholesale Managed Funds in New Zealand
A managed fund is a vehicle where investor capital is pooled and managed by a professional fund manager under a Managed Investment Scheme (MIS). In New Zealand, MIS schemes fall into two regulatory categories: retail (offered under a registered Product Disclosure Statement) and wholesale-only (offered under Schedule 1 of the Financial Markets Conduct Act 2013).
This hub covers the wholesale side — wholesale-class managed funds available to investors who meet the FMCA Schedule 1 eligibility tests. For retail managed funds, KiwiSaver schemes, and general managed-fund education, our sister site goes into much more depth:
NZ managers with wholesale-class fund offerings
52 managers; 84 wholesale-class funds tracked. Many run both wholesale and retail classes of the same underlying strategy — the wholesale class typically has higher minimums and lower fees.
2040 Ventures
Auckland
Evergreen venture capital fund and climate tech specialist with proven track record
ACIF
Auckland
Wholesale managed investment scheme focused on SMEs with proven AU$800M track record in Australia
Altered Capital
Auckland
Growth-stage VC with $250m FUM and $1B FUA backing product-market fit companies
Alvarium
Auckland, New Zealand
Alvarium is a New Zealand-owned financial ideas boutique offering bespoke wealth and asset management services to high-net-worth and ultra-high-net-worth private investors. With over 25 years of collective experience, the firm provides investment advice across alternative investments, managed portfolios, and real estate opportunities. Alvarium offers a tailored service for Active Investor Plus (AIP) visa investors, covering all approved asset classes — direct investments and managed funds — on one custodial platform with unified reporting. The firm also serves large-scale professional investors seeking alternative investments to complement existing portfolios. Licensed by the FMA as a Managed Investment Scheme Manager (FSP20861).
ARC Capital
Auckland
Specialist in aged care and healthcare sectors with conservative gearing and regular distributions
Aviation Aerospace New Zealand
Auckland
Part of Bancorp Wealth Management Group, offering conservative asset-backed helicopter leasing fund
Bancorp
Auckland
Investment banking group with private equity and responsible investment focus
Blossum
New Zealand
Blossum is a New Zealand-based private credit manager providing property-secured lending opportunities to wholesale investors. Focused on careful deal selection, conservative loan structures, and active oversight, Blossum offers secured business lending across New Zealand through a PIE fund structure. Loans are secured by first and second-ranking mortgages with a typical maximum LVR of 75%. Target borrowers include companies, trusts, and experienced individuals in real estate including bridging, refurbishment, and working capital.
Bridgewest Group
Auckland
Deep-tech incubation specialist in life sciences, medtech, and cleantech
Castlerock Partners
Auckland
Private equity firm focused on mid-sized NZ businesses with evergreen structure
Craigs Investment Partners
Auckland, Wellington, Christchurch
Leading NZ investment firm offering discretionary AIP investment services
Cultivate Ventures
Auckland, New Zealand
Cultivate Ventures is an industry-backed agri-tech and agri-food investment fund specialising in high-growth New Zealand companies at the intersection of agriculture and technology. Launched in 2023 and managed by Northington Partners, the fund has raised approximately NZ$20 million across multiple rounds. Cultivate Ventures backs innovative companies developing scalable solutions for global agriculture — from precision farming and food science to rural connectivity and sustainability. Portfolio companies include Hectre (apple industry automation) and Aimer Farming. The fund is structured as a limited partnership, combining Northington Partners' deep capital markets expertise with a specialist advisory network spanning agribusiness, technology commercialisation, and global market access.
DE Capital
Auckland
Private debt investor focused on mid-market NZ businesses via senior secured loans plus warrants
Ecliptic Venture Capital
Auckland
Hands-on Seed and Series A investor filling critical capital and capability gaps
Elevation Capital
Auckland
Partnership with ASX-listed MA Financial Group, market leaders in investment migration funds
Fidelity Capital Partners
Auckland
Capital preservation fund lending to regulated Lines Companies for grid infrastructure
First Mortgage Trust
Tauranga
Non-bank lender specializing in first mortgage lending with 30 years track record
Forest Enterprises
Masterton
Pioneer of public investment in NZ Radiata pine plantation forestry since 1972. Manages over 20,000 hectares for 6,500 individual investors. Founded by Charles Wallis in Masterton.
Forsyth Barr
Dunedin, Auckland, Wellington
New Zealand's largest investment adviser with personalized fund of funds approach
ForthCo
Auckland, New Zealand
ForthCo is a New Zealand mid-market private equity firm that partners with business owners and management teams to build more valuable companies. Founded in 2020 and based in Auckland, ForthCo brings capital, capability, and long-term commitment to productive New Zealand businesses. The firm focuses on active, hands-on investment — working alongside founders to accelerate growth, improve operations, and unlock value. ForthCo targets established businesses with strong fundamentals and clear growth potential, typically investing through limited partnership structures. The team combines deep operational experience across manufacturing, services, technology, and primary industries with institutional-grade investment discipline. ForthCo is a member of the New Zealand Private Capital Association.
GD1
Auckland
Generalist early-stage technology investor anchored by NZ Government's largest VC investment
Greener Pastures New Zealand
Auckland
Owned by Origin Capital Partners, specializing in AIP visa investment solutions
Greenmount Capital
Auckland
Private equity co-investment and new economy fund specialist Member of NZ Private Capital. Independent firm operating across Australia and NZ with offices in Sydney, Auckland and Christchurch.
Henton Capital
Auckland
Mid-market credit fund for NZ companies with experienced credit team
Hunter Capital
Auckland
Diversified private credit exposure with 7+ years track record and monthly liquidity Managed by Harbour Asset Management.
Icehouse Ventures
Auckland
New Zealand's most active early-stage venture capital firm with over $750m AUM and 340+ portfolio companies
JMI Wealth
Auckland
Discretionary investment management with bespoke AIP portfolios Note: JMI Wealth rebranded to Shaw and Partners NZ in October 2025. Shaw and Partners (Australian parent) acquired 75% stake in Investment Services Group (ISG), which is Auckland-based with NZD 7+ billion in assets.
Matū Karihi
Auckland
Specialist early-stage fund for R&D spinouts from NZ science and technology sector
Maūi Toa
Auckland
Māori owned and led VC leveraging the Māori economy for global technology investments
Midlands Funds Management
Hastings, New Zealand
Midlands Funds Management is a Hastings-based fund manager offering the Midlands Income Wholesale Fund for wholesale investors. The fund invests in the underlying Midlands Smarter PIE Fund, providing exposure to residential, commercial and rural property mortgages throughout New Zealand. The wholesale fund structure provides lower fees in exchange for larger investments, with quarterly fee rebates passed through to investors.
Motion Capital
Wellington
Early-stage climate-tech specialist with $15m committed and proven track record
Movac
Auckland
NZ's most experienced VC firm with 25+ years and top decile global performance
MyFarm Investments
Christchurch
Agricultural investment platform with 34 years experience managing $600m in syndicate assets
NetFunds
Auckland, New Zealand
NetFunds is a New Zealand-based alternative asset investment platform built for active participation in private credit, private equity, and commercial property. The platform's flagship fund, NetCredit Unit Trust, finances New Zealand SMEs through diversified secured loans. The fund is PIE and PFIC compliant, providing tax-efficient access for both domestic and international investors. NetFunds also operates NetEquity (private equity) and commercial property investment divisions. Founded by experienced commercial property investor and fund manager Michael Karabassis, who has personally completed over 200 property transactions throughout his career. Based in Auckland.
Newland
Auckland, New Zealand
Newland Capital Management is a New Zealand financial services provider (FSP761692) offering comprehensive asset allocation and tailored wealth management solutions for high-net-worth individuals, family offices, and New Zealand investment immigration applicants. The firm manages two sub-funds: a REIT-First Mortgage Fund providing monthly dividends through property-backed lending, and a Real Estate Development Fund. All funds are managed with independent custodianship by Rockburgh Trustee, ensuring separation between fund management and asset custody. Newland Capital is registered with the FMA and serves both domestic wholesale investors and international clients seeking New Zealand investment opportunities under the Active Investor Plus visa programme.
Nuance Connected Capital
Auckland
Female scientist-led $57m deep tech fund solving global problems with science and IP
NZVC
Auckland
Top 5% performing 2021 vintage fund investing in ANZ founders at 50% lower valuations
Obsidian Group
Dunedin
Licensed contributory mortgage investment scheme manager with over 50 years of lending experience. Investors choose their own mortgages from manager-selected loan portfolio. Current performance: 7.71% p.a.
Pacific Channel
Auckland
One of NZ's largest deep-tech VCs focused on healthcare, food, and environment
PCG
Auckland
30+ years credit experience with weekly liquidity PIE structure
Peninsula Capital
Auckland
Senior secured lending leveraging deep NZ industry networks Associated with CLIME Asset Management Limited.
PG Investments
Auckland, New Zealand
PG Investments (Perpetual Guardian Investments) provides a transparent and scalable platform equipping advisers with forward-thinking investment solutions. Their range spans from diversified core funds to customised single-asset strategies, including specialist funds, core funds, and multi-asset portfolios. The PG Funds Scheme is a wholesale offer available to qualifying wholesale investors under the Financial Markets Conduct Act 2013.
Pioneer Capital
Auckland
Established in 2005, one of the largest NZ private capital investors with $1.1B raised
Point16
Auckland
Fintech specialist partnering with Icehouse Ventures on NZ Fintech Fund
Previously Unavailable
Auckland
B2B SaaS specialist with Brand Fund achieving 28.63% IRR and top decile performance
Quidnet Ventures
Auckland
Top-quartile deep tech investor led by Silicon Valley veteran Dr. Mark Bregman
Roger Dickie
Waverley
NZ's leading forestry investment specialist managing $1.6B across 62,000 hectares. Founded 1971, pioneered 90 forestry and agriculture syndicates. Over 4,000 investors, harvesting 1.2M tonnes annually.
Ryft
Auckland
Venture studio offering investment in earliest stages with full support infrastructure
Seedling
Auckland
Strategic investment in sustainable NZ dairy farming and regenerative agriculture
Shaw and Partners
Auckland
Personalised investment service providing bespoke fund of funds approach for AIP investors
Squirrel
Auckland
Peer-to-peer lending platform and fund manager with over $300M in investor funds. 100% NZ owned, arranged over $22 billion in mortgages since 2008. No investor has ever lost money. Squirrel's funds are also available on retail platforms like InvestNow (www.investnow.co.nz) for non-wholesale investors.
WNT Ventures
Auckland
Experienced deep tech specialist with top quartile performance and proven exits
What makes a managed fund "wholesale"?
Under the Financial Markets Conduct Act 2013, an offer is wholesale (not subject to retail disclosure rules) if every investor meets one of the Schedule 1 categories — wholesale, large, government, investment-business or eligible-investor tests. Wholesale-class managed funds:
- Are offered under an Information Memorandum (IM) rather than a registered PDS.
- Have higher minimum investments — commonly $50,000 to $100,000+, sometimes lower with eligible-investor certification.
- Typically charge lower management fees than the equivalent retail class — no retail PDS, supervisor or fund-update overhead.
- May not have an independent retail supervisor; governance is via the fund's trust deed or LP agreement.
- Have narrower access to FMA-approved dispute resolution schemes than retail investors.
For the full structural comparison see Managed funds vs wholesale funds and Wholesale vs retail funds.
Informational only — not financial, tax or legal advice. Wholesale offers are available only to investors who meet the eligibility criteria in Schedule 1 of the FMCA 2013. Read each fund's disclosure documents in full and seek independent advice before investing.