Pathfinder gets new shareholder

Rātā is a South Island based foundation with funds of $700 million that generates around $26 million annually which has paid out in social impact to community organisations in Canterbury, Nelson, Marlborough, and the Chatham Islands.

It has invested in Alvarium to expand direct investment and co-investment with goals of strong financial returns and positive community outcomes.

Alvarium wanted to expand its South Island presence, and partner with community-based organisations and Iwi to deliver values-aligned returns.

Rātā chief executive Leighton Evans and Pathfinder chief executive John Berry said there was clear values alignment between the two organisations, including a strong commitment to delivering impact back into communities through best-in-class wealth management.