Net Capital

At Net Capital Unit Trust, our investment strategy is focused, disciplined, and purpose-driven. We provide structured debt to New Zealand’s small and medium-sized enterprises (SMEs) at pivotal growth stages — helping them unlock their next phase of expansion, productivity, or transformation.

We lend to businesses typically turning over $1M to $30M, in sectors that matter: technology, manufacturing, food and beverage, tourism, logistics, and more. These are companies with strong fundamentals, experienced leadership, and clear plans for scaling — yet often overlooked by banks or too early for private equity.

💡 Our Capital Is Tailored, Not Generic

Rather than applying a one-size-fits-all lending model, we offer a suite of structured credit products, each designed to meet the realities of SME cashflow, growth plans, and return on investment. Our team actively works with borrowers to shape loan structures around performance, exit events, or contract triggers.

Core Products:

• Working Capital Loans – to smooth cashflow, fund inventory, or execute a growth contract
  
• Term Debt – to support asset purchases, hiring, or fixed growth milestones
  
• Forward Revenue Finance – non-dilutive capital for SaaS, licensing, and recurring revenue models
  
• Acquisition Finance – funding for buyouts, bolt-ons, or shareholding transitions
  
• Real-Economy Property Lending – project-based funding where property supports business expansion (e.g. post-harvest sheds, aged care facilities, eco-tourism builds)
  

🔍 How We Select Investments

Every opportunity is screened through our proprietary credit framework, which blends real-time financial monitoring (API integration), rigorous qualitative assessments, and AIP-aligned impact criteria.

We assess:

• The borrower’s ability to generate and sustain free cashflow
  
• The strength and integrity of management
  
• The economic contribution to New Zealand (jobs, exports, innovation)
  
• ESG alignment and governance structure
  
• Exit strategy and repayment clarity
  

🧠 Active Management. Long-Term Thinking.

Our investment decisions are not passive. We monitor borrowers continuously and work with them as strategic partners. If they lose alignment with the fund’s risk or impact objectives, we take decisive steps to protect investor capital.

We are building a fund designed to last — one that thinks in 100-year terms, prioritises trust, and delivers consistent value to both investors and the New Zealand economy.

At Net Capital, portfolio and fund management isn’t a set-and-forget function — it’s a dynamic, hands-on discipline designed to protect capital, drive returns, and deliver real impact.

We actively manage both our borrower relationships and our investor capital, ensuring each dollar is matched to opportunities that meet our strict credit, impact, and governance standards.

🔍 Loan-Level Portfolio Management

Our credit team monitors each loan on a live basis using API integrations (e.g. Xero, MYOB) that provide real-time data feeds from our borrowers. This allows us to track key financial metrics including:

• Cashflow & working capital
  
• Revenue and margin performance
  
• Debt service coverage
  
• IRD and compliance status
  

We establish financial and operational covenants with every borrower, and we intervene early if risks begin to emerge.

If a loan becomes non-compliant, our exit strategy playbook is activated — whether that’s stepped-up reporting, board engagement, partial repayment, or in rare cases, enforcement or restructuring.

📊 Fund-Level Management

We manage the fund with a disciplined approach that aligns daily investor capital with actual deployment capacity. We track capital inflows, loan repayments, redemptions, and reserve requirements in real time.

Our allocation strategy is governed by strict product and sector concentration limits set out in the SIPO, ensuring healthy diversification across:

• Borrower size and industry
  
• Product type (term, working capital, forward revenue, etc.)
  
• Loan maturity and repayment profiles
  

We operate under a run-off liquidity model, allowing for orderly redemptions and minimising asset sale pressure. All performance data is audited and shared with investors via quarterly and annual reports.

🧠 Governance & Oversight

Investment decisions over $500K or outside standard credit metrics require full Advisory Committee and Investor sign-off. Our governance model ensures:

• Independent deal review
  
• Strategic input from industry professionals
  
• Full documentation and reporting on every deployment
  

Our internal team meets weekly to review performance, pipeline, and portfolio allocation — ensuring every decision is made with clear investor visibility and aligned with the fund’s long-term objectives.

✅ Result: Confidence, Consistency, Control

Our fund is built to give investors:

• Confidence in deal quality and capital integrity
  
• Consistency in yield and performance
  
• Control via transparent communication and structured governance
  

With Net Capital, your investment doesn’t sit idle — it’s actively managed to fuel productive, growth-oriented business lending with real impact.

At Net Capital, our investors are more than just capital providers — they’re long-term partners in building the next generation of New Zealand businesses. Whether you’re a local wholesale investor or an international AIP participant, we provide clear, consistent, and proactive support from day one.

💬 Personalised Onboarding

From your first enquiry, you’ll be guided by a real person — not a chatbot. Our team will walk you through:

• The fund’s investment strategy and product mix
  
• How returns are generated and distributed
  
• What reporting and transparency you can expect
  
• Tax, PIE compliance, and AIP visa implications (if relevant)
  

We make sure every investor understands exactly where their money is going and why.

📈 Regular Reporting & Capital Transparency

You’ll receive quarterly reports detailing:

• Portfolio performance and deal summaries
  
• Interest distributions and redemptions
  
• Sector exposure, borrower profiles, and NAV tracking
  
• Commentary from the Investment Director and credit team
  

In addition, you’ll get:

• Annual audited accounts
  
• Capital deployment updates
  
• Notices of any material changes or early repayment events
  

🌏 International & AIP Investor Support

For our Active Investor Plus (AIP) investors:

• We provide evidence of compliance with NZTE Growth Category standards
  
• API-backed reports on borrower impact (job creation, export activity, etc.)
  
• Assistance with documentation required for immigration and visa progress
  
• Multilingual summaries available on request
  

📞 Easy Access, Whenever You Need It

You’ll always have a direct line to our leadership team — not just a portal. We pride ourselves on being available, transparent, and quick to respond.

Need a portfolio breakdown? Want to discuss a new investment opportunity? Curious about pipeline performance?

We’re a phone call or email away. Always.

🔒 Investor Portal (Caruso)

We work with Caruso Software to provide a secure online dashboard for our investors to:

• View investment holdings and returns
  
• Download reports and tax statements
  
• Track fund performance in real time
  
• Submit redemption or reinvestment requests
  

Your trust is our benchmark.
We protect capital with care, communicate with clarity, and invest alongside you with conviction.