Wholesale property lending backed by real market insight
Squirrel expects to broker around $4 billion in home loans in FY2026 and fund more than $1.4 billion in residential property development.
That gives us real-time visibility into the New Zealand property market, through every loan application, borrower conversation, credit assessment and site visit.
For wholesale investors, that means access to property-backed lending opportunities managed by the same team originating and assessing every loan in the portfolio.
Wholesale funds built for investors’ differing needs.
Four funds. Different risk and return profiles. The right combination depends on your investment horizon, income needs, and risk appetite. Talk to us about what fits.
Home Loan Fund
Investing in diversified New Zealand home loans
5.44%p.a.*
1 year return
Read Information MemorandumConstruction Loan Fund
Investing in residential construction lending
6.76%p.a.*
1 year return
Read Information MemorandumSpecialised Income Fund
Higher-yield lending opportunities for sophisticated investors
8.93%p.a.*
1 year return
Read Information MemorandumCapital Partners Fund
Structured finance opportunities for sophisticated investors that target a 3-year rolling return of
20.00%p.a.+
Fund limited to $150m. Invite-only
* Returns displayed are the 1-year historical returns to 31 May 2026, after fees, before tax with distributions reinvested. Returns are calculated on a time-weighted basis. Past performance is not a reliable indicator of future performance. Unit prices may go down as well as up. You may not recover the full amount of capital invested. Returns are not guaranteed.
+ The Squirrel Capital Partners Fund's objective is to provide investors with a return, after fees and before taxes, of more than 20.00% per annum on a 3-year rolling basis.
The Squirrel Home Loan Fund, Construction Loan Fund and Specialised Income Fund invest in loans that have the protection of one of Squirrel's reserve funds. Where a loan is in arrears or default, the relevant reserve fund steps in and make payments to investors, underlying investors and the funds. The reserve funds do not provide investors a guarantee nor are they insurance products. The Capital Partners Fund's loan investments do not have the protection of a reserve fund.
Investment Risks: Investors should read Funds' Information Memorandum to understand the risks that may cause the Funds' value to move up and down including, but not limited to, credit and default risk, market risk, active management risk, interest rate risk, concentration risk and liquidity risk.
You'll deal directly with the people making decisions
Doug Thomson, Investor Relations Manager and Dave Tyrer, Head of Asset Management, lead the team responsible for investment decisions and portfolio oversight.
You'll deal directly with the people managing your investments, not a call centre or third-party intermediary.
Book a chat with Doug, or get in touch via email.
Our approach is simple
Protect capital first, diversify across lending types and projects and report clearly and consistently
We provide regular report across all wholesale funds, including portfolio structure, lending exposure, term, arrears and performance metrics.
Whether you invest in one fund or several, you'll have a clear view of how your capital is being investing.
Read the latest update below or view all wholesale investment fund summaries and updates.
Take a look at our case studies
We've pulled together a few case studies for you to dig into the detail
- Wholesale investing case study: Maximizing returns
- Wholesale investing case study: Searching for yield
- Wholesale investing case study: A Fund Manager’s new strategy
Pieter, Auckland
New Zealand
Squirrel really came as a huge blessing after other investment portfolios racked up losses due to market fluctuations. The processes to earn passive income are easy to understand and to implement. Customer service is a 10 out of 10. And to receive interest on the On-Call Account is a surprising and welcome bonus. I just love Squirrel.
In some cases, we may discuss individual opportunities with investors looking for a different risk or return profile.
These opportunities are not publicly offered and are only discussed directly with eligible wholesale investors. If you would like to explore the options, book a chat with Doug.
Disclosure notice
In these materials, "Squirrel" refers to Squirrel Group Limited and its operating companies, including Squirrel Mortgages Limited and Squirrel Money Limited.
FundRock NZ Limited (FundRock) is the issuer and manager of the Squirrel Wholesale Investment Funds (comprising the Squirrel Wholesale Home Loan Fund, the Squirrel Wholesale Construction Loan Fund, and the Squirrel Specialised Income Fund). Squirrel Money Limited is the investment manager and distributor of those funds.
Squirrel Money Limited is the manager and investment manager of the Squirrel Capital Partners Fund. The Capital Partners Fund is a separate scheme from the Squirrel Wholesale Investment Funds. FundRock is not the manager of the Capital Partners Fund.
This website is published by Squirrel Money Limited. The information contained on this website is intended for the exclusive use of wholesale investors, as defined in Schedule 1 of the Financial Markets Conduct Act 2013 (FMC Act). It is not to be used by retail investors and should not be distributed or published without the prior consent of FundRock NZ Limited or Squirrel.
The funds noted above are only open to wholesale investors and others who do not require disclosure under Part 3 of the FMC Act.
Neither the Schemes nor the offer made by each fund in the Schemes are registered or regulated under the FMC Act (although Part 2 of the FMC Act still applies). The law normally requires people who offer financial products to persons who are “retail investors” under the FMC Act to give information prescribed by the FMC Act and its regulations to these investors before they are able to invest. This information is designed to help investors make an informed decision.
If you are a wholesale investor, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
Confirming wholesale investor status on this website does not constitute the formal wholesale investor certification required under the FMC Act. A formal certificate will be required before any investment is made.
To invest in the Squirrel Wholesale Investment Funds, you will need approval from both FundRock NZ Limited and Squirrel. To invest in the Squirrel Wholesale Funds, you will need approval from Squirrel.
The information on this website is of a general nature and does not constitute financial advice.
Past performance is not a reliable indicator of future performance. Unit prices may go down as well as up, and you may not recover the full amount of capital invested. Neither Squirrel nor FundRock guarantees repayment of capital or any particular rate of return.
All return figures on this website are stated after fees, before tax, with distributions reinvested, unless otherwise stated. Returns are calculated on a time-weighted basis. Website performance data is updated monthly. Data current as at: 30 April 2026.