Iwi and land trusts in $115m investment fund

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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.’

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