PMG Capital Fund is opening to new wholesale investors for the first time since 2019, at a point where the commercial property market is gaining momentum.
With more than three decades in New Zealand commercial property, PMG Capital Fund acquires quality real estate and applies targeted value‑add, underwriting or buy/sell strategies - supporting capital growth for investors and facilitating acquisition opportunities across PMG’s fund platform.
If you’re new to wholesale investing or commercial property funds, we invite you to register for a webinar on Thursday, 12 March at 2.30pm, where our team will walk through the Fund, the market context and answer general questions.
Investment in some of PMG’s funds is only open to persons who meet the legal criteria of a wholesale investor under the Financial Markets Conduct Act 2013 (FMC Act).
Information about the legal criteria for a wholesale investor can be found at clause 3 of schedule 1 of the FMC Act, and also on the Financial Markets Authority’s website.
Prospective investors should obtain legal advice as to their status as an investor under the FMC Act, and should consider obtaining independent financial, tax, and legal advice before making an investment decision.
The Information Memorandum (IM) details the investment opportunity, designed to help investors make informed decisions. It outlines the fund’s strategy, property portfolio, financial projections, risks and management team. You must read through this to understand the terms and conditions for the investment and assess your eligibility to invest.
Once you've downloaded the IM, our Investor Relationships team will be in touch to get your application started. This includes a formal check of your eligibility criteria and identification.
The PMG team will walk you through this process and be on hand to answer any questions.
Once your application is complete and your investor profile has been created, you will be required to transfer the amount specified on your application form. The number of shares issued will be tied to this amount.
Once the funds have been transferred to our account and the offer has formally closed, you will be issued with your shares and receive a certificate of ownership and onboarding letter from our Investor Relationships team.
*The target gross cash return is stated before tax, after fees and costs, based on forecast gross distributions per annum expressed as a percentage of the expected share issue price. It is an indicative target only, and is subject to change. Actual returns may differ. There is no guarantee of future performance. Details on how the target gross cash return is calculated, assumptions made, and the risks associated with an investment in the Fund are available in the Information Memorandum.
Disclaimer: PMG Capital Fund Limited (PMG Capital Fund) is making an offer by way of shares to be issued in PMG Capital Fund (Offer). The Offer is made exclusively to persons in New Zealand that qualify as a "wholesale investor" within the meaning of the Financial Markets Conduct Act 2013 (Wholesale Investor).
Additional considerations may apply to investors not resident in New Zealand. As the Offer is open only to Wholesale Investors, the Offer is not a "regulated offer", and the Information Memorandum in respect of the Offer is not a "product disclosure statement" for the purposes of the Financial Markets Conduct Act 2013 (FMCA).
Accordingly, the Offer is not subject to the normal disclosure requirements of the FMCA, and investors may not receive a complete and balanced set of information, and will have fewer legal protections in connection with the Offer. Make sure you understand these consequences, read all information carefully and ask questions. Investments of this kind are not suitable for retail investors.
Investing in PMG Capital Fund involves risk with no assurance of returns or capital recovery. Liquidity redemptions and distributions are subject to liquidity and capital management requirements.
Past performance does not guarantee future results. Any information provided to you in respect of the Offer does not take your individual circumstances and financial situation into account. Investors should take their own legal advice as to their status under the FMCA, and should consider obtaining independent financial, tax, and legal advice before making any investment decision.
