Premium CRE debt and equity strategies, providing enhanced risk-adjusted returns to wholesale investors.

Pallas PFTNZ Feeder Fund

9.60% p.a.

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

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Pallas Senior Mortgage Fund

10.10% p.a.

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

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Our Strengths

Conservative LVRs

Secured by quality New Zealand real estate, our debt instrument investments feature conservative LVRs generally 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.

Diversified Funds

Pallas PFTNZ Feeder Fund
9.60%*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.
Pallas Senior Mortgage Fund
10.10%*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% per annum 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.
Pallas High Yield Mortgage Fund
13.10%*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% per annum 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.

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.

Contact our distribution team to discuss how our range of current opportunities may align with your portfolio requirements.

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