Current Investments
Originally a $115.5 million dollar fund, Te Pūia Tāpapa has completed 5 investments providing $94 million or 81% of the fund being invested.
TR Group
TR Group is New Zealand’s largest heavy vehicle rental and lease company and was the funds first investment in 2020, together with the New Zealand Super Fund. Its focus is making heavy vehicle fleet management easy for its customers, by helping them to operate a safer, more compliant and cost effective fleet. TR Group was founded in 1992 by the Carpenter family and now operates from 15 branches throughout NZ and Australia.
Avanti Finance
Invested in 2020, Avanti is a leading New Zealand non-bank lending institution that provides a range of consumer loan products. Since its establishment in 1989 the company has provided secured personal and motor vehicle loans and, more recently, has diversified into providing first residential mortgages and small-to-medium enterprise loans.
Awanui
Te Pūia Tāpapa invested in Awanui in 2021 as part of a three-way partnership with NZ Super Fund and Ontario Teachers’ Pension Plan (“OTPP”) in January 2021. Awanui is New Zealand’s largest provider of pathology services operating across its network of 25 laboratories and collection centres and was heavily involved in providing testing as part of New Zealand’s response to Covid-19.
Evolution Healthcare
Te Pūia Tāpapa partnered with Queensland Investment Corporation (QIC) to invest in Evolution Healthcare. The investment was completed June 2022. Evolution is a leading provider of healthcare services in New Zealand with many comprehensive and specialist day hospitals, maternity and specialist health and wellbeing services.
Bluecurrent
Te Puia Tāpapa invested in Bluecurrent’s smart energy business in 2024. Distributed in New Zealand and Australia, Bluecurrent provides large scale, granular data for electricity, gas and water quickly, accurately and with insight capability, making customers’ growth and innovation aspirations possible.