Te Tumu Paeroa has joined a group of Iwi and Māori organisations to establish Te Pūia Tāpapa Fund.
Te Tumu Paeroa has joined a group of Iwi and Māori organisations to establish Te Pūia Tāpapa Fund. The purpose of the fund is to pool resources to increase Māori investment into
a broader scale of assets.
Te Pūia Tāpapa Fund
took an important step forward this week, signing a Memorandum of Understanding
(MoU) with the NZ Super Fund. Under the MoU, Te Pūia Tāpapa Fund and the NZ
Super Fund will be preferred partners, committing to full and open dialogue
over investment opportunities.
NZ Super Fund Chief Investment Officer Matt Whineray said “This unique arrangement reflects commonalities in our investment approach, and our shared long-term investment horizon. We look forward to collaborating on areas of mutual interest and working together on new investment opportunities.”
Paul Quinn and Debbie Birch, spokespeople for Te Pūia Tāpapa Fund, said “Te Pūia Tāpapa Fund is a way for Iwi and Māori organisations to pool resources and access larger scale direct investment opportunities. Over $110 million has been indicatively committed to the Fund to date.”
Te Pūia Tāpapa is a reference to a cluster of seed beds used to grow kumara, symbolising the creation of a co-investment fund for better growth and returns.
Image caption: Front row (L – R): Tama Potaka, NZSF; Paul Quinn, Te Pūia Tāpapa GP Limited; Debbie Birch, Te Pūia Tāpapa GP Limited; Adrian Orr, NZSF; Hinerangi Raumati, Te Pūia Tāpapa GP Limited
Middle row (L- R): Paul Majurey, Te Pūia Tāpapa GP Limited; Stuart Allan, Te Pūia Tāpapa GP Limited; David Rae; Vanessa Eparaima, Te Pūia Tāpapa GP Limited; Cristina Billett, NZSF; Catherine Etheredge, NZSF; Rishab Sethi, NZSF
Back row (L – R): Sarah Owen, NZSF; Jamie Tuuta, Te Tumu Paeroa; Matt Whineray, NZSF; Andrew Harrison, Te Pūia Tāpapa GP Limited; Will Goodwin, NZSF; Mark Fennell, NZSF