A New Zealand PIE Fund Targeting 8% p.a. Return With Monthly Distributions
A New Zealand PIE fund that pools wholesale capital into property-secured business lending. Monthly distributions, conservative LVR limits, and a 28% PIR cap on tax for individuals.
Wholesale Investors OnlyReturns are after fees, before tax. Returns are not guaranteed and may vary. Past performance is not a guarantee of future returns and capital is at risk. See IM and SIPO for more details.
See your distributions.
Move the slider or type an amount, then select your highest income tax rate, to see how the Fund's target 8% p.a. return could look as annual and monthly distributions, before and after Prescribed Investor Rate (PIR) tax, which is capped at 28% for individuals.
Minimum wholesale investment NZD $150,000. Amounts below the minimum are rounded up, and amounts above NZD $2,000,000 are shown at the $2,000,000 cap, for this estimate.
The PIE tax rate (PIR) applied is based on your income tax rate. Income tax rates of 10.5% and 17.5% map to a matching PIR. Income tax rates of 30%, 33% and 39% map to the 28% PIR, which is the cap for individuals.
At a target 8% p.a. return
This is a simplified example. This could result in tax of approximately $600 less per year than if the same distributions were taxed at your 33% income tax rate. Your PIR depends on your taxable income over the last two years. Not tax advice.
This is a simplified example and is indicative only. Actual monthly distributions vary with days in the month. 8% p.a. is after fees, before tax, and is not guaranteed. NZ individual investors are taxed inside the PIE at a 28% PIR ceiling. All investments carry risk, including the risk of capital loss. Past performance is not a reliable indicator of future performance. Not financial advice.
Blossum Wholesale Fund.
The Blossum Wholesale Investment Fund offers wholesale investors a disciplined way to put capital to work. Your capital is deployed into secured business lending across New Zealand, with registered mortgage security behind every loan.
Property-secured private credit, built for monthly distributions.
New Zealand's banks now put a more limited share of their balance sheets toward non-standard lending such as bridging, development and time-sensitive funding. That has opened an access gap: strong borrowers with sound property security cannot always get timely finance. The Fund lends into that gap on conservative terms, giving wholesale investors returns generated from loans secured over New Zealand property.
Attractive Risk-Adjusted Returns
Private credit can offer higher yields than public debt markets, reflecting its bespoke nature and active management. The Fund seeks 8% p.a. returns (after fees, before tax), supported by conservative LVR limits and secured lending.
Tangible Security
Loans are secured against real property through registered first and second mortgages, supported by registered valuations and conservative loan-to-value limits, with LVR managed to a weighted average cap of 75% across the portfolio. A security-backed framework that helps manage risk.
Low Correlation to Markets
Returns are driven by interest on secured loans rather than public-market sentiment, which can make secured private credit a useful diversifier through uncertain economic cycles. Returns are not contracted or guaranteed.
Available to wholesale investors only, as defined under the Financial Markets Conduct Act 2013. The 8% p.a. figure is not a guarantee, and actual returns may differ. All investments carry risk, including the risk of loss of capital. This is general information, not financial advice. Seek independent advice before investing.
How every loan is vetted.
Four checks stand behind every loan the Fund writes. LVR is managed conservatively, with the portfolio held to a weighted average cap of 75%.
Rigorous Due Diligence
In-depth credit assessment and stress testing on every loan before it is approved. We verify borrower cash flows and credit history, and complete title, PPSR and legal checks before settlement.
Registered Valuations
Security is valued by registered valuers, with title and ranking confirmed.
Active Monitoring
Borrower performance and covenants are monitored monthly throughout each loan term.
Strong Governance
An independent Advisory Board and Investment Committee provide oversight, with quarterly reviews and a strong compliance framework.
Why wholesale investors choose Blossum as their investment platform.
Invest With Clarity
We make mortgage-backed investment straightforward for wholesale investors: easy onboarding and dedicated Investment Managers always on hand to answer questions.
Looking Out For Your Interests
Our team lends conservatively and stays close to every borrower for the life of the loan. If a loan needs attention, we act early and keep you informed.
Simple Tax & Reporting
We deduct PIR, pay your monthly distributions to your nominated bank account, and issue monthly statements plus a year-end summary, all the paperwork sorted for you.
A diversified loan book, not a single bet.
Your investment is not designed to be tied to one borrower or one property. The Fund pools wholesale capital and lends it across many loans, each secured by first and second registered mortgages over New Zealand property, so no single loan decides your outcome.
Loans Across The Book
Your money sits across the whole loan book, and may be spread over business and property borrowers throughout New Zealand. If one loan repays early or needs attention, the rest keep working.
Registered Mortgages
Every loan in the book is secured by first and second registered mortgages over New Zealand property, supported by registered valuations.
Weighted Average LVR
LVR is capped at a weighted average of 75% across the portfolio.
Paid Monthly
The Fund targets 8% p.a., paid as monthly distributions, funded by interest from across the whole book rather than any single loan. 8% p.a. is after fees, before tax, and is not guaranteed.
Get the Investor Pack.
The Information Memorandum, fund terms and recent deal summaries, emailed to wholesale investors on request.
Everything you need to evaluate the Wholesale Fund.
The Investor Pack is sent only to wholesale investors. Once you submit your details, we’ll email the Information Memorandum, fund terms, recent deal summaries, and a calendar link to book a call with an Investment Manager.
Tax on income from NZ-source interest in our PIE fund is capped at the investor’s Prescribed Investor Rate (PIR), with a maximum of 28% for individuals.
Learn about PIR on ird.govt.nz →Are you eligible to invest?
You may qualify as a wholesale investor if you meet one of the criteria set out in Schedule 1 of the FMCA:
- Investment Business: your principal business is investing in financial products
- Investment Activity: you own a portfolio of more than NZ$1m in specified financial products
- Large Investor: you meet the NZ$5m net assets or turnover threshold
- Single Offer: you invest at least NZ$750,000 in the offer
- Eligible Investor: you certify your investment experience, and a lawyer, accountant or financial adviser confirms it
Questions, Answered.
You invest in the Blossum Wholesale Investment Fund, a New Zealand PIE fund. The Fund pools wholesale capital and lends it to business and property borrowers, with each loan secured by first and second mortgages over NZ property. You receive monthly distributions from the Fund, with tax handled inside the PIE structure at your PIR.
Borrowers seek funding from Blossum for short-term, flexible funding (e.g., bridging or working capital) when timing, structure, or security requirements don’t fit standard bank lending. Each loan is assessed on creditworthiness and security, with terms set out in the loan agreement.
Yes. The Fund is a Portfolio Investment Entity (PIE). Income attributed to you is taxed inside the PIE at your Prescribed Investor Rate (PIR), which is capped at 28% for NZ-resident individual investors. We account for PIE tax inside the Fund, and you receive your distributions net of PIE tax.
This isn’t tax advice. Please seek advice for your situation and circumstances. Find out more here.
We look at a borrower’s ability and willingness to repay, including (as relevant) cash flow, leverage and liquidity, security values/LVR, sector conditions, and exit strategy. We also review credit history of the borrower and key principals (e.g., defaults, judgments, insolvency, litigation) and complete standard KYC/AML checks.
Borrowers can repay their loans early, in line with their loan agreements with the Fund. When that happens, the Fund receives the principal plus any interest accrued to the repayment date, and our team redeploys that capital into new lending opportunities. Your investment in the Fund continues as normal, and you keep receiving monthly distributions of Fund income.
Loans are secured by first and second mortgages over the borrower’s property and/or other acceptable security, assessed deal by deal. LVR is managed conservatively, with the portfolio held to a weighted average cap of 75%. Security and ranking are detailed for each loan.
You invest in the Fund itself, not in individual loans, so your investment has no loan-style maturity date. The underlying loans the Fund writes usually run 6-12 months, and the portfolio is continuously managed as loans repay and new loans are written. Withdrawal and redemption terms are set out in the Fund documentation provided before you invest.
All investing carries risk. These risks can include a borrower defaulting on a payment, or security being insufficient to recover the full amount of capital. Blossum takes a conservative, security-backed approach, with LVR managed to a weighted average cap of 75% across the portfolio and active monitoring throughout each loan term.
As with any investment, there is always an element of risk, including the risk of capital loss, so it is important to understand these risks before committing capital. The Fund targets an 8% return p.a.; this target is after fees, before tax, and is not guaranteed. Past performance is not a reliable indicator of future performance.
Let’s Talk.
Get the full Investor Pack: fund terms, structure, fees, and the latest deal pipeline, sent straight to your inbox. Then book a call with our team to walk through the detail.
8% p.a. is after fees, before tax, and is not guaranteed. All investments carry risk, including the risk of capital loss. Past performance is not a reliable indicator of future performance. Our investment products are limited to select wholesale investors only, and the rates we offer could change in the future. Terms and conditions apply.
