Why Invest In Us
Acquire Prime Commercial Property Nationwide
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.
Investor Portal
Access Your Investment Information, Anytime
The First Light Capital Investor Portal gives you secure, 24/7 access to your investment portfolio. View your holdings, track distributions, download reports, and stay updated on performance – all in one place.
Designed with clarity and convenience in mind, it’s your direct connection to everything you need to manage your investment with confidence.you need to set up your access to the portal, email us here.
How to Invest
Step-by-step guide to becoming an investor with First Light Capital
1. Register Your Interest
Submit your details to receive investment opportunities from our team
2. Review Investment Statement
For each offer, request the full Investment Statement to understand the investment structure, risks, and expected returns
3. Seek Financial Advice
We recommend all investors obtain independent financial advice before committing capital
4. Connect With Us
Schedule a call or meeting to discuss the opportunity in more detail with our investment team
5. Apply to Invest
Once you’ve decided to proceed, complete the application forms and provide the required AML/CFT documentation
6. Investor Eligibility
Our investments are open only to Wholesale or Eligible Investors. Visit our FAQ or speak with our team to check your eligibility
7. Transfer Funds
Upon confirmation from our team, transfer funds to the relevant Trust Account for your selected investment
8. Stay Informed
We’ll keep you updated on settlement dates, investment commencement, and dividend payment timelines
Portfolio
Healthcare Fund
The First Light Healthcare Fund includes some of the most renowned, state of the art medical facilities in Auckland and Hamilton.
Property Fund
The First Light Property Fund Limited is a diversified PIE fund consisting of six industrial and commercial properties located across Auckland and Hamilton.
Our Properties
From Auckland to Christchurch, the First Light Capital portfolio consists of high quality commercial real estate spanning the industrial, office, and healthcare sectors.
Bespoke Management
We undertake all of the property, facilities, and financial management in-house. We also provide the same services for private groups.
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.
For more information on AML/CFT, click here. Start your AML form 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.
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.
Invest With Us
Anti-Money Laundering
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.
Our People
First Light Capital has a highly qualified and skilled management team that have considerable business experience in property investment, fund management and administration, facilities and asset management, property and trust law, investment advisory, accountancy and taxation and investor relations.
First Light Capital Team
Toby is a founding director of First Light Capital and is responsible for deal sourcing, asset management, sales and marketing, and investor relations.
Toby has more than 20 years of capital markets experience, including working in Hong Kong and Tokyo with leading financial institutions, and has been investing in real estate opportunities since 2003.
Toby is an REAA Licensed Salesperson, holds an NZX Diploma and completed his Authorised Financial Advisor qualifications in 2020.
Andrea is responsible for First Light Capital’s overall financial management, reporting and policies, ensuring the compliance of its accounting and tax practices.
She has extensive knowledge in PIE structures, property, property funds, construction, forestry and ETS, including with Baker Tilly, PwC London and GLH Hotels Management UK.
Andrea is a member of the Chartered Accountants of Australia and New Zealand and holds a Bachelor of Business Studies (First Class Honours) and Post Graduate Diploma (First Class Honours) from Massey University, Auckland.
David Annan is a valuable addition to First Light Capital, bringing with him over 12 years of extensive agency expertise, with a specific focus on industrial properties in Auckland. Throughout his career, David has gained a deep understanding of various facets within the industry, including sales, leasing, and development.
His client portfolio is a testament to his versatility, ranging from small businesses to large corporations, each benefitting from his comprehensive knowledge and tailored solutions. David is widely recognised for his unwavering commitment to achieving successful outcomes for his clients.
David holds a Bachelor of Property (BProp) from the University of Auckland.
Randolph is a founding shareholder and director of First Light Capital Limited. A chartered accountant with over 35 years’ experience, he specialises in corporate finance, M&A, group restructuring, funds management and international tax. He was formerly a senior tax partner at Ernst & Young and is now Regional Director (Australasia) and NZ Country Head for Acclime Group.
Randolph is also a founding director of Acclime NZ Fund Services Limited, an independent provider of tailored fund administration and advisory solutions. He has advised many of the Asia-Pacific region’s leading financial institutions on structuring and managing property, infrastructure, mortgage, private equity and alternative investment funds.
He also has experience with complex debt, equity, and hybrid instruments, including offerings for both wholesale and retail investors. Randolph sits on the boards of several private investment groups and is an active venture capital investor. He holds a BCA (First Class Honours) from Victoria University and is a member of CA ANZ.
Roger’s domestic and international business advisory experience spans 40 years. He has a deep understanding of the issues and challenges facing businesses wanting to grow both in New Zealand and offshore. He has advised many businesses through various stages of growth, offering insights acquired through years of working closely with entrepreneurs and their businesses.
As a 10+ year partner at EY, Roger headed the Australasian public sector consulting practice and later led the Entrepreneurial Services and Transaction Advisory lines, sitting on the firm’s executive management group.
Roger is a founding shareholder and director of Acclime New Zealand Limited (formerly VCFO Group Limited) and is responsible for accounting and business advisory. He holds postgraduate management qualifications from Massey University.
Philip brings more than 40 years of commercial property experience across valuation, property management, asset management and strategic advisor, and served as Executive Director then Managing Director of Terra Firma Group Limited for more than 25 years.
Andy is a founding shareholder and director of Acclime New Zealand Limited (formerly VCFO Group Limited) and formerly a senior partner at EY, with extensive involvement in property-based businesses spanning development, investment, retirement villages, financing, forestry, consortiums, and cross-border holdings.
He currently serves as director and trustee for several industrial and commercial property investments. Over 25+ years at EY he led tax, accounting and commercial services for clients in property, venture capital, private equity, utilities, primary resources, financial services and privately owned businesses.
Andy is a member of the Institute of Directors, Chartered Accountants Australia & NZ, Impact Investing and the International Fiscal Association. He holds a Bachelor of Laws (Hons) and Diploma in Accounting from VUW.
He also contributes to the governance of two national charities and a property-based not-for-profit entity.
David has been a widely respected lawyer and real estate investor in Auckland for more than 35 years, specialising in commercial property transactions, trusts, estate management and wealth management.
He built a trusted network through Parnell Services Ltd., acquiring premium Auckland properties and delivering outstanding returns over 20+ years. He now focuses on advising First Light Capital on commercial and industrial property acquisitions and sales.
Todd has been actively involved in commercial property since 2012. He has provided facilities management services for the Healthcare Fund LP portfolio of medical properties since 2017. He splits his time between two centres, ensuring maintenance, upkeep, and smooth operations at each facility.
Dave is the Facilities Manager at First Light Capital, bringing over 20 years' experience across the portfolio. He has detailed knowledge of all the properties and tenants managed in the portfolio and plays a key role in delivering capital works and maintaining asset performance. Dave's international background across industrial and infrastructure projects adds strong practical expertise to the team.
K & B Manson | First Light Capital Investor
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