Crown sets up $150m fund to help prepay Ngāpuhi settlement

Tue, 02 Feb 2021

The government will seed an investment fund with $150 million to build and grow an asset base for the country’s largest iwi as it continues long-running — and sometimes stalled — Treaty of Waitangi negotiations.Treaty Negotiations Minister Andrew Little said the government set up a new Crown company, called Ngāpuhi Investment Fund, to build an investment portfolio that can be offered in settlement talks.“We have established the fund so that the Crown has more options to put on the table for ngā hapū o Ngāpuhi in future n...

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