Invest with us

Build your wealth through commercial property investment.

invest with first light capital

First Light Capital acquire prime commercial and industrial properties across New Zealand.

We undertake a rigorous due diligence process, negotiate the most competitive bank funding rates and lease terms with our prospective tenants and then present these properties to our investor base as either individual syndications or part of a blended fund structure.

These investments offer superior returns in tax efficient structures which are well managed throughout the lifecycle of the investment.

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how to invest

Register your interest with First Light Capital and the investment team will be in touch with all available investment opportunities

We also recommend that investors seek independent financial advice before committing themselves to investing

As each Investment offer is made available, please request the full Investment Statement which will provide extensive details about that specific investment for you to review

When you have decided that you want to invest, please complete the application forms, provide the AML/CFT documentation required and send to the investment team

First Light Capital offers investments that are only open to Wholesale Investors or Eligible Investors. For more information on whether you qualify please go to the FAQ and/or our “insights” section. Alternatively please speak to one of our team directly. View more here

Upon confirmation of your investment by the First Light Capital team, please arrange transfer of funds to the respective Trust Account for that investment.

Schedule a time to talk through the offering or meet up in person with our investment team

First Light Capital will be in regular communication to update investors as to the exact details regarding the settlement of new properties and the start of the investment, along with the expected dates of dividend payments.

Upon confirmation of your investment by the First Light Capital team, please arrange transfer of funds to the respective Trust Account for that investment.

First Light Capital will be in regular communication to update investors as to the exact details regarding the settlement of new properties and the start of the investment, along with the expected dates of dividend payments.

FAQ

What is the term of my investment?

First Light Capital provides commercial and industrial real estate managed funds (Funds) and property syndicates (Syndicates). Our Funds and Syndicates are collective investment vehicles which means that you invest alongside multiple other investors in one or more properties. Our Funds and Syndicates have no set time duration but should be viewed as medium-long term investments. Your investment will end when the Manager decides to sell the property within a Syndicate you are invested in, or to wind up the Fund that you are invested in.

Alternatively, the Manager will run a secondary market facility to facilitate the sale of your shares or units when required.

For Syndicates and Funds that are listed on the Syndex platform, investors will be able to access the secondary market facility provided by Syndex.

Secondary market sales are dependent on the performance of the particular Fund or Syndicate at that particular time.

What is the minimum investment and subsequent investment?

The minimum investment in our Funds and Syndicates is $100,000 with subsequent investment amounts of $50,000 accepted.

Who can invest?

Our Funds and Syndicates are not open to the public. They are only open to Wholesale Investors or investors who qualify as Eligible Investors as classified under the Financial Markets Conduct Act 2013. For clarification about Wholesale and Eligible Investors please visit the relevant page of the New Zealand Government legislation website on the FMCA 2013 here.

For more information on who can invest with First Light Capital, read our insights article here

How do I get paid my returns?

When you apply for shares or units in our Funds or Syndicates we will require your bank account details into which we will pay your returns. Please note that this bank account must be the same bank account as the one provided by the investor who completed the application form.

Our Funds and Syndicates pay your investment returns monthly.

What about capital gains?

Capital gains in our Funds and Syndicates will be reflected in the share or unit price of that particular Fund or Syndicate. Capital gains may from time to time be realised by the Manager selling a property. The Manager may then re-invest the sale proceeds in a new property or distribute the proceeds to investors.

Investors may also sell their shares or units by completing a secondary market sale of their shares or units.

The actual prices realised in the sale of properties within the funds or syndicates or for the secondary sale of shares, will be dictated by a number of factors at any particular time. First Light Capital provides no guarantees as to the performance of our Funds or Syndicates.

How much tax will I pay?

For Funds and Syndicates which are structured as Portfolio Investment Entities (PIEs) for tax purposes, a share of the PIE’s net taxable income is allocated to you based on your interest in the Fund or Syndicate. The Fund or Syndicate will pay tax on your share of this net income at your notified Prescribed Investor Rate (‘PIR’). This will be deducted from your monthly distribution.

PIRs are determined by whether you are investing as an individual, trust, estate, company, incorporated society, or partnership. If you are an individual, it will also depend on your taxable income. Your PIR may be 0%, 10.5%, 17.5% or 28%. You do not normally pay any further tax if your PIR is above 0% and you have provided the correct PIR. The Manager will send you an annual tax statement at the end of each financial year.

The highest PIR is capped at 28%, hence there can be tax advantages for individuals and trusts on a higher marginal tax rate. Another advantage of the PIE tax regime is that you benefit directly from the tax deductions of the Fund or Syndicate, including tax depreciation and unrestricted interest deductions. This means that your taxable income may be less than your distribution. Furthermore, capital gains realised by the Fund or Syndicate may be distributed to investors tax-free.

For Funds and Syndicates structured as limited partnerships or ordinary partnerships, investors will need to pay their own tax on their share of the partnership’s net taxable income at the investor’s applicable marginal tax rate. The Manager will send you an annual statement at the end of each financial year.

Partners also benefit from the tax deductions of the Fund or Syndicate, including tax depreciation. Capital gains realised by the Fund or Syndicate may be distributed to investors tax-free.

Do I need to complete an Application & AML/CFT documentation for each investment?

A new application is required for each separate investment entered into. For existing investors, where we hold up to date AML/CFT documentation, we do not require this to be repeated.

First Light Capital is the manager of the Funds and Syndicates and is an AML/CFT reporting entity. We are therefore required to comply with New Zealand's Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and similar AML laws of other countries. We cannot accept your Application Form until we have received certain documents from you. For most individuals we can verify your identity and address electronically, however there may be situations where this is not possible. In addition the AML/CFT requirements for Companies & Trusts are more stringent.

Please find more information on exactly what is required here

What are the risks?

There are a number of risks associated with all investments and investing in commercial real estate is no different. The Investment Statement for each separate investment offer contains a comprehensive list of risks that you should consider. If you are unsure, please call the Manager who will discuss these risks with you. We also advise that prior to making an investment in one of our Funds or Syndicates, independent financial advice is received to make sure that the investment suits your risk profile.

Investments

Funds

First Light Capital operates an open ended PIE Fund called the First Light Property Fund Ltd

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syndicates

First Light Capital manages a number of Limited Partnership syndicated investments

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bespoke management

First Light Capital manages properties and portfolios on behalf of private groups

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The investment opportunities First Light Capital provide are not open to the public, they are only open to Wholesale Investors as classified under the Financial Markets Conduct Act 2013, or those who qualify as Eligible Investors. For clarification about Wholesale and Eligible Investors please visit the relevant page of the NZ Govt legislation on the FMCA 2013 here:

First Light Capital is registered as a Financial Service Provider and is also a AML/CFT reporting entity. We are required to complete due diligence on all investors in accordance with the Anti-Money Laundering and Counter Financing of Terrorism Act 2009 (AML/CFT), which means we are required to collect certified documentation to prove identity, address and source of wealth for all investors.

Please contact us directly to discuss your eligibility to invest.

First Light Capital

News & INSIGHTS

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October 1, 2021
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September 25, 2021

how to invest