The Oyster Credit Fund
Built for wholesale investors navigating complex markets, the Oyster Credit Fund provides access to an income-focused strategy designed to strengthen portfolio resilience and diversification.
Access a diversified portfolio of short-term, first-mortgage loans secured by residential and commercial property—generating income through borrower-paid interest.
Investment Highlights
~7% p.a.
pre-tax return
Enhanced
Liquidity
Capital
Preservation
Tax Efficient
PIE Structure
Attractive Floating-Rate Income
Adds a strategic hedge to portfolios with property, bonds, or equities—helping offset interest rate movements so investors can benefit in both rising and falling interest rate environments.
Across property and economic cycles, interest rate volatility naturally places pressure on equity-based investment products. This is where the Oyster Credit Fund comes in – providing diversification through exposure to floating rate returns at a consistent premium to market rates.
In an investment portfolio that already contains property, bonds, term deposits, or other equity-based holdings, this creates a strategic hedge, offsetting the impact of changing interest rates – meaning investors benefit when rates both rise and fall.
Returns are set at a 4.5% margin above the 30-day BKBM, New Zealand's primary floating rate benchmark.
Investor income is paid under formal loan agreements (independent of business performance) with margins consistent across rate environments.
Enhanced Liquidity
Unlike direct property investment, capital isn’t tied to asset sales. After the initial lock-in period, investors can apply to withdraw with 6 months’ notice.
It is a structured, predictable process - and provides a useful layer of flexibility alongside longer-term property asset holdings.
Full terms are available in the Information Memorandum
Capital Preservation
Diversification
Investors gain exposure to a diversified portfolio of first-mortgage loans across multiple borrowers, assets and deals, reducing reliance on the performance of any single loan.
First-mortgage security
The Fund provides exposure to a diversified portfolio of loans, secured by first-ranking mortgages, given the underlying lending takes a priority security position. All loans are secured over residential and commercial real estate in New Zealand’s metropolitan centres.
Selective lending
The Fund only lends against assets with viable exit strategies, valued on an as-is basis – not against future development potential or projected values. No construction loans. No unfinished developments. No speculative positions.
Conservative gearing
The portfolio maintains a loan-to-value ratio of 65% or below. Borrowers hold meaningful equity in every deal - equity that sits ahead of the Fund in any downside scenario.
Invested alongside you
A capital reserve is built and maintained by the Fund's managers from free cash flow - never from investor funds. It is in place to absorb any credit loss before investors are impacted.
OUR LENDING PLATFORM:
Backed by property and credit specialists
Rockpool Capital, the Fund’s lending platform, is a joint venture between Oyster Property Group and Fortis Capital - providing access to private real estate credit opportunities.
Our wholesale investments give qualified investors access to premium commercial property portfolios offering income and growth potential, with a risk profile that is aligned to experienced investors.
Enhanced Liquidity
How The Fund Operates
The Fund provides a credit position in property through exposure to a diversified portfolio of first-mortgage loans.
Tax-Efficient PIE Structure
On maturity, as borrowers repay principal, Rockpool readvances that capital into new loans - supporting continued income and portfolio liquidity.
Interest paid by borrowers flows back through the Fund as monthly distributions to investors.
Rockpool deploys capital as first-mortgage loans, securing the Fund's priority position over each property. Each loan is structured with a defined exit strategy and a maximum 18-month term
7.75% Targeted Income Return.12% Targeted Annualised Total Return.
A trusted New Zealand bank, acting as senior lender, performs independent loan-by-loan due diligence before each loan is approved. Through the bank, investor capital can be strategically matched on a 1:1 basis – providing governance and potentially enhancing investor returns.
The Pioneer of Outlet Retail in New Zealand
Rockpool identifies and underwrites lending opportunities against robust credit criteria - targeting experienced property owners, investors and developers with strong assets and meaningful equity.
Investor capital is pooled within the Fund and made available to Rockpool, the Fund's lending platform.
Answering your questions about wholesale investments
A retail investor is entitled to certain regulatory protections, including receiving a product disclosure statement for an offer, access to a free independent dispute resolution scheme if things go wrong, and receiving information about an investment’s ongoing performance. Wholesale investors are people or organisations who have sufficient previous investing experience that means they don’t require the same level of protection. In order to be a wholesale investor, you must meet legally prescribed criteria.
The wholesale investor criteria is outlined under the section 'Do You Qualify as a Wholesale Investor?'
If you are unsure you should proceed with caution and talk to a financial adviser before investing in a wholesale offer.Give our Investor Team a call on 09 632 1287 and we can walk you through the options that are available to you. Or email us investor@oystergroup.co.nz
1. Access to exclusive, higher-return opportunities
Wholesale investors can access investments that aren’t available to the general public - often involving larger assets, specialised strategies, or higher-growth potential. These opportunities are designed for experienced investors who understand and are comfortable with taking on a higher level of risk in pursuit of stronger returns.2. Streamlined compliance and faster decision-making
Because wholesale investments require less regulatory disclosure, transactions can move more quickly and efficiently. This allows fund managers to act decisively when attractive opportunities arise, which can enhance performance over time.3. More flexibility in structure and strategy
Wholesale offers can include investment structures, debt levels, and strategies that aren’t typically available in retail funds. This gives fund managers greater scope to tailor investments to market conditions and investor goals.
1. Reduced regulatory protections
Wholesale investments are subject to fewer disclosure requirements. This means investors must rely more heavily on their own experience, due diligence and professional advice2. Higher levels of investment risk
Because wholesale offers often target higher returns, they may involve greater exposure to market fluctuations, debt, or specialised strategies. These approaches can enhance performance but also increase the potential for loss.3. Limited liquidity
Wholesale investments may have longer investment horizons, fewer exit opportunities, or more complex structures. As a result, capital may be tied up for extended periods, and early withdrawal can be difficult or not possible.4. Greater reliance on investor expertise
Wholesale investors are expected to understand and assess the merits and risks of an offer themselves. Without the detailed consumer protections and disclosure regime applicable to retail offers, decision-making depends more heavily on an investor’s own knowledge, experience, and advice.Wholesale funds typically start at NZD 250,000, but can vary depending on the asset.