Nelson-Tasman State of Emergency
NZ Super Fund-owned farms and orchards in the top of the South Island seem to have escaped the worst of the recent weather, with extensive cleaning up required but no significant damage to trees or infrastructure. Our thoughts are with those of our neighbours who have been hit hard by successive storms and heavy rain events over the past few weeks. The FarmRight team has been out in the community helping where it can.
Kaingaroa Timberlands expands plantation area
Kaingaroa Timberlands (KT), in which the Guardians has a 42 percent shareholding, recently announced it had bought 9,200 hectares of forestry land from Te Waihou Holdings Ltd.
Ryan Cavanagh, Chief Executive of KT subsidiary Timberlands, said the transaction underscored KT’s long-term commitment to New Zealand and its confidence in the forestry industry:
“By expanding our estate, we are not only securing the future of forestry in the Central North Island, we are also positioning ourselves to make further investments in our operations, driving further economic growth and job creation. It will help ensure New Zealand can remain a global leader in responsibly managed forestry.”
Ryan said the transaction preserves the land’s established role in commercial forestry and supports the South Waikato region’s economic and environmental objectives.
Select Committee Report tabled
The Finance & Expenditure Select Committee has presented a report on the Guardians of New Zealand Superannuation to Parliament. The Committee’s report draws on our appearance before them on 2 April, and covers topics including performance, tax status, domestic investments, and the Elevate NZ Venture Fund. The full report can be found here.
Guardians Board Member joins Business Hall of Fame
Ahead of her induction next month into the NZ Business Hall of Fame, Guardians Board member Hinerangi Raumati talked to the NBR’s Mike McRoberts about the growing influence of kaupapa Māori in corporate New Zealand, and her own efforts to integrate Māori values and perspectives into mainstream boardrooms.
“There is a certain group dynamic that can happen in a room full of men … just bringing a different lens to things, as well as having a holistic view of the world, is what my approach has always been,” said Hinerangi – referring to a time in her career when she was frequently not only the sole Māori at the decision-making table but also the only woman.
Hinerangi also told the NBR that while it’s important to recognise what has been achieved, more remains to be done.
“None of us should sit on our laurels in terms of what we’ve achieved, and we shouldn’t lower our expectations either. Just keep raising the bar on what we’ve done. There’s good things being done in this country … we should all be proud of those things.”
Go to the Business Hall of Fame website for more information on Hinerangi and the other 2025 laureates; click here to read Mike McRoberts’ full story (paywalled).
Super Fund reintroduces buyout strategies
After stepping back from private market buyouts more than ten years ago, the NZ Super Fund is re-entering the global arena with a commitment of around US$800 million, reports i3Insights’ Florence Chong.
Doug Bell and Sian Orr from our External Investments & Partnerships team talked to Florence about how this initiative reflects a broader strategy designed to enhance international diversification, leverage specialist external managers, and integrate sustainability and other ESG considerations into the NZ Super Fund’s private markets programme.
Read the full article here: https://nzsuperfund.cmail20.com/t/d-l-suikyut-hujkdust-o/
