Iwi investment fund gets $100 mln in indicative commitments

Thu, 09 Nov 2017

By Sophie Boot Nov. 10 (BusinessDesk) - The New Zealand Superannuation Fund says it has received indicative commitments up to $100 million for a proposed iwi and Māori direct investment fund. The fund would see groups pooling capital to make collective investments with a 15-to-20-year investment horizon. Commitments have been made by more than 35 iwi, pan-tribal organisations, Māori land trusts and Māori incorporations, including various Tūwharetoa organisations aggregating together as a single investor, Te Tumu Paeroa, and various Tarana...

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