New Zealand · Private Capital · Asia Pacific

Invest with Confidence.
Grow with Purpose.

Know the Currents. Command the Course.

Henton Capital is a consortium of wholesale investors, family offices and professional advisers serving high-net-worth families across the Asia Pacific region. Our funds are approved under the New Zealand Government's Active Investor Plus (AIP) residency visa scheme and listed on Invest New Zealand's Acceptable Managed Funds register.

OCR + 2%
Target Return Benchmark (Funds)
NZD 0M+
Funds Under Management
Explore Our Services
Our Services
01 Wealth Management Diversified New Zealand private credit — non-bank finance, invoice & receivables finance, aged care services and SME private credit. → 02 Fund Management Growth and Balanced Category strategies structured for New Zealand’s Active Investor Plus (AIP) residency visa. →
Official Recognition
Approved for the Active Investor Plus Visa: Growth Category
The HENTON AIP Wholesale Fund is officially listed on Invest New Zealand's Acceptable Managed Funds register, confirming the Fund qualifies as an acceptable investment under Immigration NZ's AIP visa Growth Category.
View Official Register ↗
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Important Notice: This material is for eligible wholesale investors and their professional advisers only, as defined under the Financial Markets Conduct Act 2013. It is not financial advice, legal advice, tax advice or immigration advice. Investment returns, capital repayment, distributions, exit timing and visa outcomes are not guaranteed. Investors should seek independent professional advice before making any investment decision.

Who We Are

A specialist platform for Asia-Pacific investors entering New Zealand

Henton Capital is a consortium of wholesale investors, family offices and the professional advisers who advise wealthy families across the Asia Pacific region — including Hong Kong, Singapore, Australia and New Zealand.

We source and manage assets across the world, predominantly in the Asia Pacific region. We specialise in unlisted investment opportunities across equities, debt and real estate, and are experienced in structuring funds, SPVs and other entities to suit investor needs and market dynamics.

In New Zealand, Henton Capital has funds that have been approved for use in the New Zealand Government's Active Investor Plus (AIP) residency visa scheme — making us one of the few fund managers positioned to serve this market comprehensively.

Our approach is built on three principles: diversified investment services across direct investments, listed equities, real estate, bonds and credit; proven stable long-term returns delivered by an expert investment team; and rigorous risk management through independent trustee oversight and FMA compliance.

As your New Zealand investment partner, we handle the full journey — from fund selection and visa compliance to quarterly reporting and exit management — working with leading immigration consultants, immigration law firms and commercial banks.

Our services span wealth management — diversified New Zealand private credit across non-bank finance, invoice & receivables finance, aged care services and SME private credit — and fund management through Henton Fund 2 (AIP Growth Category, NZTE-listed) and Henton Fund 3 (AIP Balanced Category, first-mortgage property lending).

Fund Manager: BC Partners
Trustee: Acclime Trustees Limited
Banking: Bank of New Zealand
Bank of China
China Construction Bank
Regulator: FMA New Zealand
Register: Invest NZ Acceptable Managed Funds
Our Services

Two disciplines. One New Zealand platform.

Henton Capital serves investors through two complementary services: curated New Zealand investment products for wealth preservation and income, and managed fund strategies structured around the Active Investor Plus (AIP) residency visa categories.
01
Wealth Management
Curated New Zealand Investment Products

A diversified approach to New Zealand private credit. Rather than concentrating capital in a single industry or credit type, lending is spread across sectors with different demand drivers, security structures and risk profiles — from the demographic tailwinds underpinning aged care, to the cash-flow financing needs of everyday New Zealand SMEs, to asset-backed mid-market lending — providing a broad, resilient window into New Zealand’s real economy while reducing reliance on the fortunes of any single industry.

RBNZ Prudential Oversight
Non-Bank Deposit-Taking & Consumer / Business Finance
Licensed Non-Bank Lenders
Supports New Zealand’s non-bank deposit-taking sector — licensed entities regulated by the Reserve Bank of New Zealand (RBNZ) that provide personal loans, business finance, asset finance and working capital to everyday New Zealanders and SMEs who fall outside the risk appetite of the major trading banks. These institutions operate under strict RBNZ prudential oversight, and the sector has expanded steadily over the past two decades as it fills a persistent gap in accessible consumer and commercial credit.
RBNZ
Regulated Entities
Consumer & SME
Lending Focus
20+ yrs
Steady Sector Growth
Asset-Backed
SME Private Credit
Asset-Backed Mid-Market Lending
Supports New Zealand’s private credit sector for small-to-medium businesses — an asset-backed lending market providing growth capital, bridging finance and other funding to borrowers with sound financials who are underserved by traditional bank processes. Loans are typically secured by first or second mortgages over business or property assets, with lenders taking a hands-on, relationship-driven approach to underwriting that allows faster decisions than conventional bank lending, supporting SME expansion activity nationwide.
1st / 2nd Mtg
Typical Security
Growth & Bridging
Financing Types
Relationship
Driven Underwriting
Defensive · Demand-Driven
Aged Care Services
Residential Aged Care Sector
Supports New Zealand’s residential aged care sector, which provides rest-home, hospital-level and specialist dementia care to the country’s growing elderly population. Aged care is a defensive, demand-driven industry underpinned by demographic trends — New Zealand’s over-75 population is projected to grow substantially over coming decades — and by government-subsidised care funding. Providers typically own or lease purpose-built facilities and generate stable, recurring revenue from a mix of government subsidies and resident contributions, making the sector relatively resilient through economic cycles.
Gov't
Subsidised Funding
75+
Growing Population
Recurring
Revenue Profile
Fintech-Enabled
Invoice & Receivables Finance
Fintech · Working Capital
Supports New Zealand’s receivables finance sector — a fast-growing fintech-enabled segment of commercial lending that helps small and medium businesses unlock cash tied up in unpaid invoices. Rather than waiting for business customers to pay, SMEs access funding against confirmed receivables, easing cash-flow pressure without taking on traditional term debt. The market has grown rapidly alongside cloud accounting adoption, supporting working capital across construction, professional services, manufacturing and logistics SMEs nationwide.
Confirmed
Invoice-Backed Funding
Cloud
Accounting-Enabled
SME
Working Capital
02
Fund Management
AIP Growth & Balanced Category Strategies

Two managed strategies structured to satisfy the investment requirements of New Zealand’s Active Investor Plus (AIP) residency visa — the Growth Category throughHenton Fund 2, and the Balanced Category through Henton Fund 3. The funds are managed by BC Partners, an FMA-licensed New Zealand investment and advisory firm established in 2011. Henton Capital works with investors to ensure their portfolios comply with visa requirements throughout the investment period.

Growth Category
Henton Fund 2
NZTE Listed · AIP ApprovedPrivate Debt · NZ Business Lending

A private debt fund lending to New Zealand-domiciled companies in the expansion phase — businesses with established, reliable revenue streams and the potential to grow with capital investment. Loans are secured through registered first-ranking mortgages, general security agreements and personal guarantees. Approved as a Growth Investment for AIP visa applications and listed on Invest New Zealand’s Acceptable Managed Funds register.

Minimum AIP investmentNZD 5,000,000
Minimum investment termAt least 3 years
NZ physical presence21 days over 3 years
DistributionsQuarterly (Units) / Quarterly Coupon (Notes)
Maximum individual loanNZD 5 million
Loan termsUp to 3 years
Balanced Category
Henton Fund 3
Property SecuredFirst-Mortgage Property Fund

A private debt fund lending money secured by registered first-ranking mortgages over New Zealand real estate — residential, commercial and rural property acquisition, land subdivision and development. Rigorous borrower due diligence: loans made only to proven, reliable borrowers, with development lending contingent on demonstrated skills and experience. Target LVR across the fund of 60%, with a maximum of 75% on any loan.

Minimum AIP investmentNZD 10,000,000
Minimum investment termAt least 5 years
NZ physical presence105 days over 5 years
Residence reduction−14 days per additional NZD 1M invested in qualifying Growth-category investments, up to −42 days (105→91→77→63); additional funds must be nominated before approval in principle
Target / maximum LVR60% / 75%
Loan termsUp to 18 months
Risk Disclosure: All investment products carry risk. Returns, distributions and capital repayment are not guaranteed. Investments may be illiquid with no public trading market, and investors may lose part or all of their invested capital. Regulatory oversight of underlying sectors (including RBNZ prudential regulation of non-bank deposit takers) applies to those entities and does not extend protection to investors in Henton products. Final terms are governed by executed transaction documents. Wholesale investors only.
Why Henton

How Henton compares with other NZTE-listed funds

Most funds on the Acceptable Managed Funds register are venture capital or growth-equity vehicles: no income during the hold, long J-curves, and outcomes concentrated in a handful of portfolio bets. Henton was structured differently — for investors whose first priorities are capital discipline, visible income and a clean three-year AIP journey.
Dimension Henton Capital Typical NZTE-Listed VC / Growth-Equity Fund
Income during the hold ✓Quarterly cash distributions at a pre-tax net target of NZ OCR + 2% on both funds — income from the first quarter, not at exit. Typically no income for 5–10 years; returns depend entirely on eventual exits of portfolio companies.
Capital security ✓Secured lending — registered first-ranking mortgages over NZ property, general security agreements and personal guarantees; target LVR 60%. Unsecured equity positions in early-stage companies; capital ranks last and depends on venture outcomes.
Underlying cash flows ✓Loans to established businesses with proven revenue, plus an aged-care platform whose majority revenue is government-supported. Pre-profit or pre-revenue companies; cash burn funded by successive capital raises.
Return visibility ✓Contractual interest and defined repayment schedules; performance benchmarked to NZ OCR + 2% with monthly compounding. Wide outcome dispersion; a single fund can range from total loss to outsized multiple, with no interim benchmark.
AIP timeline fit ✓Structured around the 3-year Growth Category horizon — loan maturities and repayment mechanics align with the visa investment period. Fund life of 8–10+ years; investors typically remain locked in well beyond the minimum visa period.
Governance & oversight ✓Independent trustee (Acclime Trustees), annual third-party audit, FMA-regulated environment, quarterly investor reporting. Governance quality varies; reporting often annual and valuation-based rather than cash-verified.
Cross-border investor service ✓Purpose-built for Asia-Pacific families: banking relationships with Bank of China and China Construction Bank, immigration adviser network, end-to-end funds-flow support. Primarily domestic LP base; limited experience with offshore source-of-funds and AIP documentation requirements.

Comparison reflects common characteristics of venture capital and growth-equity funds on the Invest New Zealand Acceptable Managed Funds register and is illustrative only. Individual funds differ. It is not a statement about any specific fund and does not constitute financial advice.

NZACS · New Zealand Aged Care Service Group

New Zealand's fast-growing aged-care platform — open to eligible investors

New Zealand Aged Care Service Group (NZACS) is the operating platform behind our aged-care investment product. Since 2020 it has grown from 1 to 20 facilities with 1,000+ beds, currently managing approximately NZD 160 million in assets, with a next-phase target of 2,000+ beds through the 2026 acquisition pipeline.

The platform is led by Peter Leathem, who previously founded, operated and sold a large New Zealand aged-care group to an Australian pension fund in 2020 — a completed, institutional-scale exit in this exact sector.

20
Facilities
1,000+
Beds Managed
NZD 160M
Assets Under Mgmt
26→34%
EBITDA Margin Target
Value Creation Strategy
Acquire
Improve
Scale
Exit

Centralised procurement, digital rostering and standardised clinical and financial systems target an EBITDA margin uplift from approximately 26% to 34%. At institutional scale, exit routes include large aged-care operators, private equity, and pension or institutional capital.

Why Aged Care
Government-supported majority revenue — Residential Care Subsidy and public care-funding mechanisms reduce reliance on private payors and support cash-flow visibility (not a government guarantee of investor returns).
Inflation pass-through — payment settings are typically reviewed against inflation and labour costs, helping mitigate cost pressure over time.
High barriers to entry — care certification, clinical governance, staffing and regulatory compliance make this a true operating business, not just property.
Active Investor Plus Visa

Your investment pathway to New Zealand residency

The HENTON AIP Wholesale Fund is listed on Invest New Zealand's Acceptable Managed Funds register, qualifying for the AIP Growth Category. We structure portfolios to remain compliant throughout the investment period and coordinate with immigration specialists end to end.
Step 1
Approval in Principle (AIP letter)
Issued once Immigration New Zealand has assessed the principal application and the lawful source of the nominated funds.
Step 2 · Within 6 months of approval
Transfer funds to New Zealand in compliance
• Funds must be the nominated original funds (or proceeds of their sale), transferred through the banking system or a compliant foreign-exchange provider, fully traceable end to end.
• They may first be held in on-call investments — bank accounts or term deposits — awaiting capital calls, for no more than 6 months in total.
• A one-off 6-month extension may be requested in cases of genuine difficulty (12 months maximum).
Growth Category36-month investment period
NZD 5M
Invest in Henton Fund 2
Invest NZ Acceptable Managed Funds Register · AIP Growth
  • Private debt fund lending to established, revenue-generating New Zealand companies
  • Loans typically secured by first-ranking mortgages, general security agreements (GSAs) and personal guarantees
  • Maximum individual loan NZD 5 million; loan terms up to 3 years
  • Target pre-tax net return of NZ OCR + 2%, quarterly distributions (Units) / quarterly coupons (Notes)
INZ compliance checks — months 24 and 36
  • Evidence that nominated funds remain in acceptable NZ investments (submitted within 3 months of each date)
  • Completion of the post-investment questionnaire
  • Presence requirement: at least 21 days in New Zealand over the 3 years (counted as a resident visa holder)
Balanced Category60-month investment period
NZD 10M
Invest in Henton Fund 3
First-Mortgage Property Fund · AIP Balanced Solution
  • Private debt fund lending for property acquisition, subdivision and development
  • Secured by registered first-ranking mortgages over New Zealand property
  • Loan-to-value ratio target 60%, maximum 75%; loan terms up to 18 months
  • Target pre-tax net return of NZ OCR + 2%, quarterly distributions
INZ compliance checks — months 24 and 60
  • Evidence that nominated funds remain in acceptable NZ investments (submitted within 3 months of each date)
  • Presence requirement: at least 105 days in New Zealand over the 5 years
  • Reduction: −14 days per additional NZD 1M invested in Growth-type investments, up to −42 days (105→91→77→63); additional funds must be nominated before approval in principle
Step 3
Resident Visa (RV) granted
Issued once Immigration New Zealand has verified the transfer and investment evidence. Accompanying family members must arrive in New Zealand within 12 months of the visa being granted.
Step 4 · End of investment period
All conditions met → apply for the Permanent Resident Visa (PRV)
From 3 years (Growth) or 5 years (Balanced). Once the investment has been maintained, all compliance checks passed and the presence requirement met, the principal applicant and accompanying family — including children born during the period — may apply for a PRV, with indefinite rights to live, work and study in New Zealand.
How Henton Capital Supports Your Application
✓
Register-Listed Fund — the HENTON AIP Wholesale Fund is on the official Acceptable Managed Funds register for Growth Category applications.
✓
Portfolio Calibration — portfolios designed to match your visa category, risk tolerance and return objectives, and to stay compliant for the full term.
✓
Immigration Network — established relationships with leading NZ immigration consultants, law firms and commercial banks for funds-flow and documentation.
✓
Quarterly Compliance Reporting — portfolio, valuation, NAV and compliance reports throughout the investment term, plus annual audited statements.

Specific AIP immigration policy, acceptable investment scope and approval standards are subject to the latest guidance from Immigration New Zealand, Invest New Zealand / NZTE and licensed immigration advisers. Henton Capital does not provide immigration advice. See the official register at nzte.govt.nz/page/managed-funds.

Investment Team
60+

Over 60 years of combined New Zealand financial expertise

Our investment committee combines extensive experience across financial services, capital markets, wealth management, institutional investment and cross-border capital operations in New Zealand and international markets. The committee provides strategic oversight, investment governance and transaction evaluation for allHenton Capital investment activities.

Risk Management

Independent governance at every level

Henton Funds sets the risk policy and signs off all transactions while maintaining continuous risk control and monitoring. An independent trustee company holds all fund investments, fully segregated from the Manager.
No guaranteed return
Returns are targets, not guarantees
Distributions, interest, LVR, exit valuations and capital gains are targets or assumptions only. Investors may lose part or all of their invested capital. Past performance is not indicative of future results.
Policy & funding risk
Government policy may change
NZ aged-care funding, subsidies, healthcare regulation, immigration and tax policies may change, affecting platform revenue and investor returns across all products.
Operating & credit risk
Borrower and operational factors
Occupancy rates, borrower performance, wages, staffing, clinical incidents, LVR movements and capital expenditure can all affect cash flows and distributions.
Liquidity & exit risk
Illiquid, long-term investment
Units, notes, private equity and private debt have no public trading market. Institutional buyer demand, interest rates and capital markets affect exit price and timing.
Independent Trustee
Acclime Trustees Limited holds fund assets separately from the Manager, protecting investor rights and interests at all times.
Continuous Monitoring
Real-time risk assessment, pre-investment due diligence, post-investment monitoring and collateral review, with quarterly portfolio and NAV reporting to all investors.
Investment Process

Five clear steps from first conversation to ongoing reporting

Comprehensive support at every stage — from fund selection and eligibility checks through document execution, funds transfer, and quarterly investor reporting.
01 — Select
Choose your product
A wealth management allocation across our private credit sectors, or a Henton fund — based on your return objectives, AIP visa category and risk appetite.
02 — Qualify
Confirm eligibility
Wholesale investor or AIP applicant verification, with KYC / AML procedures completed under full documentation support.
03 — Sign
Execute documents
Sign the subscription agreement, note documents or applicable transaction documents — online application available above.
04 — Fund
Transfer investment
Transfer funds via the banking system or approved FX channels into designated New Zealand accounts per formal requirements.
05 — Report
Receive reporting
Quarterly portfolio, NAV, valuation and compliance reports throughout the term, plus annual audited financial statements.
Fund Manager

Managed by BC Partners — Investment and Advisory

The Henton funds are managed by BC Partners, a New Zealand investment and advisory firm established in 2011.
“Right People. Right Investments.”

BC Partners is a New Zealand investment and advisory firm that provides financial and investment solutions to individuals, families, charitable trusts and wholesale investors. Since its establishment in 2011, the firm has built its practice around private portfolio management, funds management, wholesale investment research and capital raising for established private businesses.

BC Partners manages investment funds using unit trust and limited partnership structures — multi-asset or single-asset, multi-investor or single-investor, depending on the objectives. The firm also has specific knowledge and experience in setting up and managing investment portfolios that comply with Immigration New Zealand’s residency investment visa criteria — the regulatory foundation on which theHenton AIP strategies are built.

Visit bcpartners.co.nz ↗
2011
Established — over a decade of New Zealand investment and advisory practice
FMA
Licensed Financial Advice Provider, regulated by the Financial Markets Authority
FSP715671
Registered on the New Zealand Financial Service Providers Register
FSCL
Member of Financial Services Complaints Ltd, an approved dispute resolution scheme
Visa Portfolios
Experienced in portfolios meeting Immigration NZ residency investment criteria
Frequently Asked Questions

Common questions about Henton Capital and AIP investment

What is Henton Capital?
Henton Capital is a New Zealand private capital and fund management platform serving wholesale investors, family offices and professional advisers across the Asia Pacific region. It offers wealth management through diversified New Zealand private credit, and fund management through two Active Investor Plus (AIP) strategies.
Which Henton fund qualifies for the AIP Growth Category?
Henton Fund 2 is approved as a Growth Investment for Active Investor Plus visa applications and is listed on Invest New Zealand's Acceptable Managed Funds register. The Growth Category requires a minimum investment of NZD 5 million held for at least 3 years, with at least 21 days spent in New Zealand over that period.
What are the Balanced Category requirements, and which fund suits it?
The Balanced Category requires a minimum investment of NZD 10 million held for at least 5 years, with at least 105 days spent in New Zealand. Henton Fund 3, a first-mortgage property lending fund, is structured for this category. The presence requirement can be reduced by 14 days for each additional NZD 1 million invested in qualifying Growth-category investments, up to a maximum reduction of 42 days; additional funds must be nominated before approval in principle.
Who manages the Henton funds?
The Henton funds are managed by BC Partners, a New Zealand investment and advisory firm established in 2011. BC Partners is a licensed Financial Advice Provider regulated by the Financial Markets Authority, registered on the Financial Service Providers Register under FSP715671, and a member of Financial Services Complaints Ltd. Acclime Trustees Limited acts as independent trustee, holding fund assets separately from the manager.
What return do the Henton funds target?
Both funds target a pre-tax net return of the New Zealand Official Cash Rate (OCR) plus 2%, with quarterly distributions for Units and quarterly coupons for Notes. This is a target, not a guarantee — returns, distributions and capital repayment are not guaranteed and investors may lose part or all of their capital.
Who can invest in the Henton funds?
The funds are offered only to eligible wholesale investors as defined under the Financial Markets Conduct Act 2013, and their professional advisers. The offer is not available to retail investors.
What does Henton Capital invest in beyond the AIP funds?
Its wealth management service allocates across four New Zealand private credit sectors: non-bank deposit-taking and consumer/business finance regulated by the Reserve Bank of New Zealand; SME private credit secured by first or second mortgages; residential aged care through the NZACS platform; and fintech-enabled invoice and receivables finance.
How do I start an application or contact Henton Capital?
Enquiries can be sent to investors@hentoncapital.com, or an application can be started directly through the online Henton Fund 2 application form on this site. Henton Capital's office is at 347 Parnell Road, Auckland 1052, New Zealand.
Start the Conversation

Ready to explore your
New Zealand investment pathway?

Speak with our team about investment objectives, AIP visa planning, and which product best aligns with your goals. All conversations are confidential and without obligation.

Email Us ↗
investors@hentoncapital.com
347 Parnell Road, Auckland 1052, New Zealand