COLOR-Waatea logo 2016-final

On Air Now
Radio Waatea

09:00am - 11:00am
Ed Sheeran

Iwi and land trusts in $115m investment fund
©On File

Share to Email
Share to RSS
Share to Print

More Stories

A fund for Māori to invest in large-scale New Zealand businesses and assets has closed with $115.5 million in the kete.

Chair Paul Majurey says partners in Te Puia Tāpapa Māori Direct Investment Fund include 26 iwi and Māori entities from the lower North Island, Taranaki, Waikato, Bay of Plenty, Hauraki, Northland, Auckland, Te Tau Ihu and Wharekauri-Chatham Islands.

He says it's an historic milestone that has taken years of work to achieve and a real commitment among Iwi and Māori entities to work together for the long-term economic wellbeing of their people and the nation.'

The fund can access larger quality investment opportunities than the partners could individually.

It provides diversity to their traditional primary industry investments and capital to unleash the potential of some under-utilised Māori assets.

Mr Majurey says in a departure from the typical New Zealand private equity fund and in line with the Māori long term world view, the fund will invest over 15 to 20 years and co-invest to own assets for the long term.

Investments will be selected and managed by a committee of experienced investors, chaired by Nick Ross, previously CEO and chair of UBS NZ.

The fund is a preferred partner of NZ Super Fund and it wants to have similar relationships with other highly regarded institutional investors.


Copyright © 2018, UMA Broadcasting Ltd:


matariki x
Tracey Martin finally talks the talk & why Kelvin Davis must not resign from Corrections
Martyn 'Bomber' Bradbury: Two major events occurred last week that require comment.
Ihumātao | He Raupatu Tuarua | A Second Confiscation
Dr Rawiri Taonui; This column investigates how the proposed Fletcher Residential development at Ihumātao, the National government’s Special Housing Area policy and the preoccupation of the Auckland Council, the courts and statutory bodies on preserving Māori culture as an icon of the past rather than restoring the living relationship between Māori and their whenua constitutes a second confiscation
TVNZ Journalist blames Māori, not Oranga Tamariki.
OPINION - Martyn 'Bomber' Bradbury: TVNZ Journalist Jehan Casinader, has written a remarkably shallow evaluation of the corrosive Orange Tamariki child uplift programme and has bewilderingly concluded the problem is Māori, not the policy.





Enter your email address to receive regular updates from Waatea News.
  • fb

On Air Now
Radio Waatea

09:00am - 11:00am