NetFunds

07/05/2026

Businesses support businesses.

New Zealand consistently ranks among the top places in the world to do business, and one of the reasons is simple: we back each other, regardless of industry or competition.

Our latest event brought together NetFunds, Partridge Jewellers, and Working Style. Each business brought their own clients for a chance to get out of the office and into new conversations.

Thanks to everyone who came along. We're looking forward to the next one, see you in the next city.

14/04/2026

Recent events in Private Credit markets have sparked a lot of conversation, but, as always, it’s important to look beyond the headlines to understand where the real risks and challenges sit. As highlighted in a recent piece, non-bank business lending remains a fundamentally proven asset class.

Investors should be thinking about resilience, underwriting rigour, and fundamental value creation of portfolios and managers. What remains essential is maintaining a clear-eyed focus on what actually drives value inside borrowers. Credit is a powerful tool for NZ SME’s to fuel growth.

The "corrections" we are seeing internationally aren't a sign of a broken model; they are a necessary recalibration of pre-COVID, pre-AI approaches to the industry.

In an era of rapid change and macro uncertainty, lenders may position themselves to better manage risk by focusing on the fundamentals.
- We don’t (just) back businesses, we back people in business.
- Cashflow pays loans, not profit.
- Always have an exit strategy.

This is how we have built NetCredit. We provide sophisticated, flexible capital solutions to the businesses that power our economy. By staying focused on the fundamentals, we help make the asset class a cornerstone of a healthy financial ecosystem.

16/03/2026

Property Plus: A Success Story for NetProperty

In February 2025, NetFunds launched Property Plus, a closed fund created to acquire a small number of carefully selected commercial assets and deliver a short-term liquidity event.

The objective was clear from the outset. Combine our in-house deal origination capability with the strength of our investor community to acquire high-quality assets under value, generate consistent monthly income during the holding period, and target a disciplined exit within a 12-month timeframe.

The Strategy

Our property team identified and secured one industrial and one retail asset. Both properties were fully tenanted and acquired under market value in late April 2025, providing immediate equity positioning and income stability from day one.
The structure allowed investors to receive monthly income distributions, while the NetFunds team focused on value positioning and exit strategy ex*****on.

Performance & Ex*****on

Property Plus launched in February 2025 and was fully subscribed in less than two weeks. The offering was kept small to enable us to demonstrate the value proposition driving NetProperty as a whole.

From acquisition through to sale:
- Investors received monthly income
- The first asset was sold and settled on 20 November 2025
- The second asset is sold and settled on 4 March 2026

Property Plus targeted a 12-month turnaround. Acquisition, uplift, and sale were achieved, with returns exceeding targets.

What Property Plus Shows

Property Plus was more than just a single transaction cycle. It was proof of:
- Our ability to source assets under value
- Our discipline in delivering value uplift
- Our commitment to delivering within forecast timeframes

We thank our investors for their trust and partnership.
If you would like to learn more about upcoming NetFunds property offerings, contact our team or register your interest through our website.

26/01/2026

Tired of eating into your capital just to generate income?
With NetCredit, you don’t have to.

NetCredit is designed to deliver income and growth at the same time, without forcing you to sell down or withdraw your investment.

Choose how you get paid.
Receive regular income, compound your returns, or combine both.
Stay invested. Stay in control.

NetCredit

Private credit, redefined.

Wholesale Investors Only | PIE Tax | Asset-Backed

30/12/2025

Property is an asset. Private credit is a system.

Assets fluctuate with cycles, sentiment, and demand. Assets realise value when sold.

Systems are designed, structured, and stress tested. Systems realise value every day.
All NetFunds offerings are available only to Wholesale Investors.rty in your portfolio. It is about diversity, complementing the advantages with income that is engineered, not incidental.
NetCredit was built on the belief that strong, reliable income comes from disciplined systems and ex*****on, not hope.

By focusing on how capital is deployed, risk is priced, security is structured, and cash flow is prioritised, our clients' growth drives our investor returns.

Investment in Private Credit is not about replacing all the property in your portfolio. It is about diversity, complementing the advatages with income that is engineered, not incidental.

At NetFunds, we think in decades, not cycles. We value Growth, Partnership, Legacy and Integrity. Your deployed capital should be resilient, purposeful, and quietly effective.

NetCredit is one expression of that philosophy.

All NetFunds offering are availaible to Wholesale Investors only.

29/12/2025

New Zealanders are obsessed with property.

For decades, property ownership has been the default answer to building wealth and generating income. Buy a house, buy a building. Find a tenant. Hold on and hope the cycle is in your favour when it comes time to sell.

Property has done well for many. We understand it. We invest in it ourselves.

But obsession can create blind spots.

Income does not have to come with vacancies, refits, lease risk, or operational distraction. And capital does not always need to be locked into bricks and mortar to be productive.

By deploying capital into private credit, you can support real New Zealand businesses that are the engine of growth for the country. We focus on the structure, security, and cash flow to support capital preservation and robust returns. The emphasis is not on chasing returns at any cost, but on protecting capital and delivering income through disciplined lending.
All NetFunds offerings are available only to Wholesale Investors.
No tenants. No property management. No reliance on rental cycles.

This is income for investors who want exposure to the real economy without being overexposed to individual investments, assets, or asset classes.

Property will always matter in New Zealand. But it does not have to be the only answer.

All NetFunds offerings are available to Wholesale Investors only.

10/12/2025

We’re proud to see NetCredit by NetFunds featured in The Bottom Line’s latest piece by Paul McBeth on the rise of private credit in New Zealand.

With NetCredit now live, having initiated our first loans and delivering monthly returns for investors, we’re excited to demonstrate what a purpose-built private credit solution can look like in the New Zealand market.

As the article highlights, offshore markets have shown both the opportunities and the pitfalls of private credit. We’ve taken those lessons to heart.
NetCredit has been designed from day one with
- Institutional-grade governance, due diligence and monitoring
- A focus on underserved SME borrowers where strong fundamentals meet real growth needs
- A long-term commitment to building a sustainable, diversified, fit-for-NZ alternative asset product

Private credit is evolving quickly, and wholesale investors are looking for disciplined, transparent options that genuinely expand the opportunity set. That’s exactly what NetCredit is here to deliver.

If you, or your clients, are wholesale investors seeking exposure to a growing part of NZ’s alternative asset landscape, this is a good moment to take a closer look.

30/10/2025

How Private Equity Commitments and Capital Calls Work

When you invest in a private equity fund such as NetEquity, you typically make a capital commitment rather than contributing all your funds upfront. This structure allows the manager to draw down capital gradually as investments are identified and executed.

Step 1: Your Commitment
When you invest, you agree to commit a total amount – for example, $1 million – to the fund. This is your total investment allocation, but it isn’t transferred all at once.

Step 2: Capital Calls
Private equity funds invest progressively, deploying capital only when suitable opportunities arise.
To do this, the fund manager issues capital calls – formal requests for investors to transfer portions of their committed capital.

A typical example might look like this:
• Year 1: 40% called ($400,000)
• Year 2: 35% called ($350,000)
• Year 3: 25% called ($250,000)

For NetEquity, capital is expected to be called over approximately three years, aligning with the pace of our investment pipeline across primary, secondary, and co-investment opportunities.

Step 3: Deployment and Returns
Each capital call is used to fund specific transactions. As the portfolio matures, underlying investments are realised, and distributions (including profits) are returned to investors. In many cases, these distributions begin before the full commitment is called.

Why the Structure Works
This commitment and call model offers several advantages:
• Efficient capital use: Investors retain control of uncalled capital until required.
• Disciplined deployment: Capital is only drawn when suitable opportunities are ready.
• Alignment of interests: The manager’s focus remains on timing, quality, and performance rather than rapid deployment.

⸻

At NetEquity, this staged approach ensures investor capital is deployed intelligently, building a portfolio designed for long-term growth and strong realised outcomes — not short-term speed.

17/10/2025

240+ Billion NZD in Savings accounts and Term Deposits..

I’ve been keeping an eye on some of the latest Reserve Bank numbers, and they tell a clear story about where Kiwi money is sitting right now — and where it might move next.

- NZ households currently hold around $84 billion in savings accounts and $160 billion in term deposits, according to the Reserve Bank of New Zealand. (reserve bank)

- That’s over $240 billion of capital effectively parked — most of it earning between 3.5%–4.0%.

- The Official Cash Rate has now been cut to 2.50%, down 50 bps this month

With inflation still sitting around 2.7%, the real return on most savings products is close to zero.

So, what happens next?

When interest rates fall, money doesn’t like to sit still. Investors start looking for assets that can deliver stable, inflation-beating returns — property, private credit, infrastructure, private equity.

In simple terms:
- Lower rates = cheaper debt, higher valuations, and renewed appetite for risk.
- Cash on term deposit starts to feel lazy.
- Real assets and income-generating alternatives become far more attractive.

There’s a lot of opportunity emerging for those who move early, especially as capital begins to rotate out of the banks and back into productive investment.

I think we’re at the start of a new capital cycle in New Zealand. The question is: will you be on the lending side, the ownership side, or still sitting on the sidelines?

- Michael Karabassis - Director

NetFunds is a New Zealand-based alternative asset investment platform built for active participation in Private Credit, Private Equity, and Commercial Property.

12/10/2025

As leaders in the financial industry, we operate in a landscape of constant change. The markets are more dynamic, the technology more disruptive, and the risks more complex than ever before. In this environment, leaders must reflect on the evolving nature of financial crime, how it impacts the fund management sector, and why a values-based approach is no longer optional but essential for long-term success.

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As leaders in the financial industry, we operate in a landscape of constant change. The markets are more dynamic, the technology more disruptive, and the...