Ngāti Toa investment in Armillary Private Capital

Armillary Private Capital is excited to announce that Te Rūnanga o Toa Rangatira Inc. the operating arm of Ngāti Toa Rangatira, has become a cornerstone shareholder.

Armillary Private Capital has a long-standing relationship with Ngāti Toa and the Rūnanga has sought to build on this provision of commercial and investment capability, and enhance it by making the investment.

Joint Managing Director; David Wallace said: “For Armillary Private Capital the investment by Ngāti Toa provides additional capital for our growth plans as well as securing a partner which shares the same long term vision for the firm to continue to deliver on our commitment to our clients that their long term success is paramount.“

The relationship started with Leon Grandy being appointed Pou Pūtea (Treasurer) during the first Covid lockdown in 2020 and over the last two years Armillary Private Capital has assisted Ngāti Toa with the following transactions to name a few.

Purchase of Tawa ITM now known as TOA ITM;

Purchase of majority share of Aegis Retirement Living;

Investment in Switched On Group, a leading performance based management contractor for Kāinga Ora from Ōtautahi across Te Tau Ihu, through Poneke to Tairawhiti and across to Whanganui, and

Purchase of residual interest in the Keneperu sub division development.

Ngāti Toa's Christian Katene said “In addition to providing a long-term investment return for the Rūnanga, Armillary Private Capital also provides a base that can generate development opportunities for rangatahi interested in financial careers”.