In 2019 CapitalGroup acquired the management company of First Mortgage Trust.
Established in 1996, First Mortgage Trust is New Zealand’s largest specialist non-bank lender of first mortgages; supporting property projects and investments.
First Mortgage Managers Limited is licenced under the Financial Markets Conduct Act as a managed investment scheme manager, and is responsible for two group investment funds; First Mortgage Trust Group Investment Fund and First Mortgage PIE Trust. These funds form First Mortgage Trust (FMT). With over $1.6 billion in funds under management and a successful funding history, FMT is well positioned to benefit from the growth of the non-bank sector.
