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Tupu Tonu — Ngāpuhi Investment Fund

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:



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