About Tupu Tonu
The Company and the Fund
Ngāpuhi Investment Fund Limited was formally constituted in December 2020 as a Crown-owned company under Schedule 4A of the Public Finance Act. The company's trading name is 'Tupu Tonu'.
Our two shareholding Ministers are the Hon Grant Robertson, Minister of Finance, and the Hon Andrew Little, Minister Responsible for Treaty of Waitangi Negotiations. While the Ministers appoint the Board, the company is required to operate commercially and independently, at arms-length.
In February 2021, the Crown announced that it would make a capital contribution of $150 million to the investment fund.
Geoff Taylor is a professional director with extensive governance experience, and a significant background in financial, investment and fund management. He has managed a private equity fund in the agriculture sector and has been a director of a number of investment funds. He is a former group treasurer of the New Zealand Dairy Board/Fonterra.
Board and Governance
Tupu Tonu has a five member Board.
Sir Brian Roche, Establishment Chair
Sir Brian Roche has been appointed as the Establishment Chair of Tupu Tonu for a period of six months. He is currently Chief Crown Negotiator for Ngāpuhi, and Chair of the New Zealand Transport Agency. In August 2020, he co-led a new group to support the Ministry of Health in improving COVID-19 border security. He has worked on a number of other negotiations for the Crown (Ngāti Awa, Taranaki Whānui Wellington, Waikato River), and was the CEO of New Zealand Post between 2010 and 2017. Sir Brian was the Project Manager for the successful bid to secure the hosting rights to Rugby World Cup 2011.
(Ngāpuhi, Ngāti Porou, Te Aupōuri, Ngāti Kahu)
Ripeka Evans is a Māori Development consultant, and Chair of NorthTec. She is also Deputy Chair of Toi Ohomai Limited, and a member of the Reserve Bank’s Te Ao Māori Strategy Committee, and has previously been a director of Te Aupōuri Fisheries and trustee of Te Rūnanganui o Te Aupōuri. She holds a Master of Business Administration from Massey University. Ripeka has led transformational change for Māori and women, as a consultant, Chief Executive and Director across Crown, iwi and hapū social, cultural and economic development businesses.
Lindsay Faithfull is the Managing Director of McKay Ltd, a Northland-grown, 500 employee strong company owned by his family. He holds a BE(HONS) from the University of Canterbury is a chartered engineer in the UK and NZ, and is a member of the Institute of Directors. Lindsay also has a proven record of commercial leadership recognised in his position as a member of the Tai Tokerau Northland Economic Action Plan governance team. Raised in Whangārei and of Ngāpuhi, English, and Scottish descent, he has a deep connection to Te Tai Tokerau and its communities, and a strong understanding of the region’s economic context.
Sarah Petersen is an experienced director, and a Chartered Accountant with over twenty years of commercial finance experience in not-for-profit, commercial and local government sectors. Sarah is experienced in assessing investment, infrastructure and economic development opportunities and managing risk, having chaired Audit & Risk Committees for those Boards on which she has served. She was raised and educated in Tai Tokerau, and is currently Chair of Northland Inc, Northland’s economic development agency, so brings a deep understanding of the Tai Tokerau economy and regional stakeholders. She is also a director of Chartered Accountants Australia and New Zealand, serves on other regional Boards and is a member of the Institute of the Directors.
You can find background information on the Fund, and how it came to be established, on the New Zealand Government portal here:
The fund is a Crown-owned company. You can find out more about the Crown-owned companies on the Treasury website here:
Te Arawhiti, the Office for Māori Crown Relations, is the Crown policy agency responsible for monitoring Tupu Tonu. It is also the agency that supports the Crown in Treaty of Waitangi settlement negotiations: