New Zealand Securities First Mortgage Fund

The Fund Manager

Reesby Management Limited is the Manager of the Fund.

Reesby Management Limited is part of the Reesby & Company Limited group of companies which also includes Spinnaker Capital Limited and Spinnaker Securities.

Reesby & Company Limited (Reesby & Co) was formed in 1994. Since that time the company has raised over $20 billion of debt for property projects throughout New Zealand. The Reesby & Co team consists of the most experienced and knowledgable property financiers in New Zealand, with an indepth understanding of the property market throughout the country.

Spinnaker Capital was established in 2009, and is one of New Zealand's leading private non-bank lenders for commercial and residential property development finance. Since 2009 Spinnaker Capital and Spinnaker Securities have been managed by Reesby & Co. The companies have successfully lent over $3 billion towards hundreds of residential and commercial projects throughout New Zealand. Reesby Management Limited uses this same expertise to successfully manage all facets of New Zealand Securities First Mortgage Fund.

The Manager’s role is to carry out the management and operation of the Fund. This includes sourcing, writing and management of the loans, being responsible for dealing with investors, keeping a record of your investment Units, processing any applications and withdrawals, calculating and paying (or refunding) your tax, and managing the investment of the Fund’s assets in accordance with the Investment Policy, amongst other things.

Key Personnel

In addition to its directors the Fund will be supported by Reesby Group’s key personnel that can be found at www.reesby.co.nz. These include:

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Tom Huang

Tom Huang (BCOM/LLB) specialises in all areas of property development work, from two lot residential subdivisions to large complex developments as well as property syndication. Tom has been involved in many significant property transactions (in excess of NZ$1 billion of property acquisitions, mainly for the Auckland Market) including the provision of real estate services, property and due diligence advice. Tom’s legal and accounting background enables him to give practical solutions to his clients on property finance needs by providing value added, professional and client-orientated services as well as creating a warm and friendly atmosphere for Reesby’s valuable clients.

Martyn Reesby

The Principal of the Fund, Martyn, has approximately 35 years’ experience in corporate and property finance. Prior to establishing Reesby & Co in 1994, he worked at Fay Richwhite & Co. for nine years sourcing finance for New Zealand corporates, property investors and property developers. The last 30 years Martyn has sourced in excess of $15 billion of finance for New Zealand corporates and property companies. Martyn holds a Bachelor of Commerce from Auckland University. He specialises in managing property finance companies which he has successfully undertaken for the last 20 years.

Tom Reesby

Tom specialises in property development loans from $3 million to $50 million throughout New Zealand. He has significant funding and development knowledge from his time working in the sector as a lender and developer in New Zealand and Australia and can assist developers in solving issues before and when they appear.

Prior to working for Spinnaker and Reesby & Co, Tom lived in Sydney working for property giant JLL and Savills.

Luke Hallsmith

Luke has over 10 years' experience in property finance specialising in investment and development funding with domestic and international credit providers. Luke specialises in loans between $20 Million - $150 Million nationwide.

Prior to joining Reesby & Co, Luke has worked on over $2.0 Billion of financing with NZ banks, non-banks, high net worth investors / family offices, fund managers and hedge funds based in Asia Pacific & Northern America.

Luke holds a Bachelor of Commerce, double majoring in property valuation and management from Lincoln University, Canterbury, NZ.

Grayson Pronk

Specialising in property investment and development funding, Grayson is well known for his technical ability and brings a detail-oriented approach to the team.

Prior to joining Reesby & Co, Grayson gained valuable experience at one of New Zealand’s largest non-bank lenders and managed funding for some of the country’s leading property developers and investors.

Grayson holds both Bachelor of Commerce and Bachelor of Property, specialising in property valuation and development, from The University of Auckland.

Paul Smyth

Paul is a Chartered Accountant member of the New Zealand Institute of Chartered Accountants (since 1998). He began his career in Auckland as an auditor with the chartered accountancy firm Spicer & Oppenheim then spent 6.5 years in the UK working in the London financial services market. Since returning to New Zealand in 2003 he has continued his commercial experience in financial services for companies operating in both New Zealand and Australia. Paul joined Reesby & Company in June 2010.

Nobu Muir

Nobu has extensive experience in property development, commercial property investment and commercial law. Prior to joining Reesby & Company, Nobu provided consultancy and brokerage services to many of New Zealand’s prominent property investors and developers for over 10 years. He has assisted with securing in the region of $5 billion of finance for property developments, commercial investments, and corporate restructures. Nobu holds a Bachelor of Commerce with a Major in Finance from Victoria University of Wellington.