†The Oyster Credit Fund is available only to Wholesale Investors (as defined in Schedule 1 of the Financial Markets Conduct Act 2013).
†Any offer to invest in the Oyster Credit Fund is made solely under, and subject to, the Information Memorandum, including the risks, terms and conditions described in that document. Prospective investors should read the Information Memorandum in full before making any investment decision.
*References to investment returns or capital outcomes are indicative only and not guaranteed. See the Investment Memorandum for further detail.
The Oyster Credit Fund
The Oyster Credit Fund is a wholesale investment fund designed to deliver reliable, income-focused returns through exposure to property-backed lending.
The Fund provides investors with access to a portfolio of short term, first mortgage loans secured against New Zealand property, offering a disciplined and structured approach to income generation.
At the lending level, a leading New Zealand bank is involved in the credit process, providing an additional layer of institutional oversight.
~7% p.a. pre-tax return | Enhanced liquidity | Capital preservation | Tax-efficient PIE structure
Reliable Floating-Rate Income
The Fund currently delivers around 7% p.a., with returns set as a margin over bank interest rates. This means income adjusts as interest rates move.
Income is derived from a contracted, non-discretionary return, providing clarity and consistency in how returns are generated.
Within a broader portfolio, this provides exposure to floating rate income that behaves differently to equity-based investments and traditional fixed income.
Enhanced Liquidity
Unlike direct property investment, investors don’t need to find a buyer or wait for an asset sale to access capital.
Following an initial 12-month period, investors can apply to withdraw their investment with 6 months’ notice, providing a structured pathway to liquidity.
This creates a useful layer of flexibility alongside longer-term investments.
Capital Preservation
The Fund is structured with a strong focus on protecting investor capital through disciplined lending practices.
- Diversification | Exposure is spread across multiple loans, borrowers, and assets.
- First-mortgage security | All loans are secured by first-ranking mortgages over New Zealand property, providing a priority claim over the underlying assets.
- Selective lending | The Fund lends against stabilised assets with clear exit strategies. It does not fund construction or speculative development.
- Conservative gearing | The portfolio is managed at a loan-to-value ratio of 65% or below, ensuring borrowers retain meaningful equity.
- Additional protection | A capital reserve is built from platform earnings and sits ahead of investor capital to absorb potential losses.
Tax-efficient PIE Structure
The Fund operates as a Portfolio Investment Entity (PIE).
Income is taxed at your Prescribed Investor Rate (PIR), which may enhance after-tax returns depending on your individual circumstances.
