The Ngāpuhi Investment Fund Limited, with Tupu Tonu as its trading name, was established by the Crown in December 2020 as part of Crown efforts to:

• restore its relationship with ngā hapū o Ngāpuhi
• help ngā hapū meet their economic aspirations for the future.

Tupu Tonu, with initial capital of $150 million, will acquire, grow, and manage an investment portfolio of assets, including land-based businesses and standard financial assets, that the Crown will offer in negotiations with ngā hapū o Ngāpuhi. 

Investment decisions will be made by the fund itself, according to its kaupapa and investment strategy, which will be developed by the independent board.

A part of the Fund’s annual revenue will be used for grants to ngā hapū me ngā uri o Ngāpuhi.

More information

For more information on the Tupu Tonu — Ngāpuhi Investment Fund Limited, see:

• Ngā hapū o Ngāpuhi — Tupu Tonu — Ngāpuhi Investment Fund Limited
• Beehive Press Release — Investment Fund a Step Towards Ngā Hapū o Ngāpuhi’s Future Prosperity.