NetFunds, a fund manager accepting capital under New Zealand's Active Investor Plus ("golden visa") pathway, has set a $200 million fundraising target after recording its first $10 million in visa-linked investment inflows, BusinessDesk reports.

The figure marks the fund's opening milestone since it began positioning itself as a destination for migrant investor capital. The $10 million already banked represents committed inflows tied to golden visa applicants, while the $200 million target signals the scale the manager believes the programme can deliver over its next phase of fundraising.

What is the Active Investor Plus pathway?

New Zealand's Active Investor Plus visa allows overseas investors to secure residence in exchange for qualifying investments in the country. Migrants channel capital into approved vehicles — including managed funds — and in return gain a residence pathway for themselves and their families.

Fund managers such as NetFunds sit at the centre of this arrangement. Approved funds receive migrant capital, invest it into New Zealand assets or businesses, and the investor's visa eligibility depends in part on maintaining that qualifying investment.

What do the new numbers show?

The headline figures reported by BusinessDesk are:

• $10 million — the first tranche of golden visa investment inflows NetFunds has received to date.
• $200 million — the fundraising target the manager has now set for the fund's next stage.

The $10 million confirms that the fund has moved beyond pipeline talk into actual settled capital. The 20-fold jump between capital received and capital targeted indicates the manager expects the pipeline of visa applicants to broaden considerably as marketing and application processing continue.

Who does this affect?

Three groups should watch the development.

First, prospective Active Investor Plus applicants. A fund that has already drawn $10 million in committed migrant capital demonstrates that the vehicle is operational and accepting qualifying investments — a practical consideration for applicants weighing where to place their funds.

Second, other fund managers competing for the same pool of investor-migrant capital. NetFunds' public target of $200 million sets a benchmark against which rival vehicles and industry observers will measure uptake.

Third, policymakers and immigration analysts tracking whether New Zealand's investor residence programme is attracting capital at scale. Individual fund milestones feed into the wider picture of how much foreign investment the golden visa route actually delivers.

What changes and what does not?

No rule change accompanies this announcement. The Active Investor Plus programme's eligibility requirements, investment thresholds and application process remain governed by Immigration New Zealand, and nothing in the reported milestone alters them.

What has changed is market evidence: a named fund manager has publicly confirmed its first $10 million in visa-linked inflows and staked out a $200 million ambition. That is a data point about programme uptake, not a policy shift.

Applicants should continue to verify current investment categories, minimum amounts and fund eligibility requirements directly with Immigration New Zealand before committing capital. Fund-level targets such as NetFunds' $200 million are commercial ambitions, not guarantees, and past inflows do not determine future performance.

Why the milestone matters

Golden visa programmes live or die by actual capital movement. Announced targets are common; settled money is harder to come by.

The $10 million already received gives NetFunds a concrete track record to present to prospective applicants and advisers. The $200 million goal now becomes the measure against which the fund's next progress report will be judged.

Whether the fund reaches that figure will depend on applicant demand for New Zealand residence, processing times, and the relative attractiveness of competing investor programmes elsewhere. BusinessDesk's report supplies the starting line; the finishing time remains open.

Readers considering the Active Investor Plus route should consult Immigration New Zealand's official guidance for the current rules. This publication reports programme developments and does not provide individual legal or financial advice.