Te Pūia Tāpapa Fund and NZ Super Fund commit to preferred partner relationship
POSTED ON: 13 March 2018
The NZ Super Fund has signed a Memorandum of Understanding (MoU) with Te Pūia Tāpapa Fund, the Māori Investment 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.
A photo of representatives from Te Pūia Tāpapa Fund and the NZ Super Fund is available to download here.