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Pallas by the Numbers

$9.7b+

Total investments managed across Australia and New Zealand since inception in 2016 in Australia

$3.9b+

Open and performing investments across 300+ transactions

$5.9b

Fully repaid investments across 800+ transactions

Our Diversified Funds

Pallas PFTNZ Feeder Fund

6.93%_p.a.

First Mortgage Fund, Open-Ended

Fund Highlight

Exposure to a securitised lending facility (Est. 2022) with a diversified and seasoned portfolio, and now majority funded by Westpac New Zealand.

Net Investor Return

4.5% per annum plus BKBM, paid monthly.

Maximum LVR

62.7% (Weighted Portfolio Average Limit)

Redemption Notice

3 months

Key Feature

5% 'First Loss' Investment Protection (on look-through basis) and independent institutional governance framework.

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Pallas Senior Mortgage Fund

7.43%_p.a.

First Mortgage Fund, Open-Ended

Fund Highlight

An actively managed portfolio of registered first mortgage loans secured against New Zealand and Australian Commercial Real Estate (CRE).

Net Investor Return

5.0% p.a. plus BKBM, paid monthly in arrears.

Maximum LVR

67.5% (Weighted Portfolio Average Limit)

Redemption Notice

6 months

Key Feature

Parent Company Balance Sheet support that forms a 'first loss buffer' for Fund capital up to $10m in aggregate.

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Pallas High Yield Mortgage Fund

10.43%_p.a.

First & Second Mortgage Fund, Open-Ended

Fund Highlight

An actively-managed senior and junior debt strategy providing an attractive, risk-adjusted return.

Net Investor Return

8.0% p.a. plus BKBM, paid monthly.

Maximum LVR

75% (Weighted Portfolio Limit)

Redemption Notice

12 months

Key Feature

Portfolio of high-yielding structured finance investments secured by a registered first and/or second mortgage over New Zealand & Australian CRE Real Estate.

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NB. The BKBM Benchmark represents the mid-rates for Prime Bank eligible securities that are traded in the local New Zealand market and administered by the New Zealand Financial Benchmark Facility (NZFBF), a subsidiary of the New Zealand Financial Markets Association (NZFMA). Pallas observes, (to two (2) decimal places), the 30 day BKBM Benchmark, at or around 10:30am (Auckland time) on the 1st day of each calendar month, and applies this rate for each distributable monthly period. Refer to Information Memoranda for detailed Fund information, fees and costs, commercial terms and investment risks. The BKBM rate captured at April 2026 is 2.43%.

How to invest with Pallas Capital

Onboard

Create an account by onboarding your investment vehicle and completing the AML/CTF verification.

Invest

Choose an investment tailored to your portfolio requirements.

Start Earning

Receive regular distributions on your investments and manage your portfolio through our Investor Portal.

Our Strengths

Conservative LVRs

Secured by quality Australian and New Zealand real estate, our debt instrument investments feature conservative LVRs below 65%.

Experienced Borrowers

We thoroughly assess borrower competence, experience, reputation, and sponsor quality in addition to primary security property value.

Strong Security

Our loans are supported by First and/or Second Mortgages, along with guarantees from borrowing entity Directors.

Geographic Selectivity

We target areas with strong demand and proximity to infrastructure, amenity, or emerging trends for investment.

In-house Expertise

Our local team includes a diverse range of experience ranging from banking, development, and funds management with the ability to understand complex lending requests and structure bespoke solutions.

Unblemished Track Record

We have not lost a single dollar of investor capital or interest entitlement since inception.*

*Please note: Past performance is not a reliable indicator of future performance.

Testimonials

“ When characterising Pallas in three words, I would choose: reliable, transparent and knowledgeable. ”

Brad Cuss, Director of GHR Financial Planning

“ Pallas offer indicative credit-endorsed terms within 48 hours. That level of service delivery is uncommon and allows for a great customer experience. ”

Jess Milne, Director of Nivcorp Property Finance

“ Pallas Capital has been a valued lending partner who deliver, and ensure smooth transactions for our clients. We highly recommend. ”

Domenic Lo Surdo, Joint Managing Director, Stamford Capital

“ I was introduced to Pallas Capital three years ago and have since invested across the entire portfolio. Their service has been faultless. ”

Matthew Willis, High Net Worth Investor