JANA enlisted to advise on $655m indigenous | Australian Markets

Aboriginal Investment NT (AINT), a pioneering Indigenous Australian-led business and philanthropic investment program, has chosen JANA to help the development of its $655 million Commercial Investment Portfolio (CIP).

JANA, a main Australian asset consultancy, introduced it has been enlisted to help AINT in “stewarding its capital through a tailored investment strategy designed to meet the organisation’s goals”.

The CIP includes two funds: a Community Ready Fund, targeted on grants and community-led initiatives, and the Future Fund, a high-return, wealth-building fund.

The Community Ready Fund, as well as to its group project focus, is designed to present on-the-ground help to Aboriginal-owned companies, organisations, communities and initiatives throughout the Northern Territory. The community-focused fund has a one to three-year investment horizon with an initial allocation of $155 million.

The longer-term targeted Future Fund is designed to construct intergenerational Aboriginal wealth and wellbeing, in addition to offering self-sufficient and sustainable capital for future use by the Community Ready Fund. The Future Fund has an allocation of $500 million and 10-year plus investment horizon.

Established beneath the Aboriginal Land Rights (Northern Territory) Act 1976, AINT is a Corporate Commonwealth Entity with a statutory goal to promote the self-management, financial self-sufficiency, and social and cultural wellbeing of Aboriginal people dwelling within the Northern Territory by investment and capital allocation initiatives.

AINT chief govt Nigel Browne hailed JANA’s appointment as “a major step” in its strategic aims, reinforcing a “diversified, risk-controlled investment strategy that aligns with our values, supports our legislative purpose, and demonstrates the power of Aboriginal-led capital deployment.”

JANA chief govt Georgina Dudley stated the consultancy was “honoured” to accomplice with the community-aligned investment initiative.

“The organisation’s vision of intergenerational prosperity, built on Aboriginal values and governance, is both powerful and deeply aligned with JANA’s commitment to supporting purpose-led investors.”

“Together, we aim to shape a strategy that delivers long-term, sustainable outcomes for communities across the Northern Territory.”

JANA stated its appointment displays its “deep experience” advising not-for-profit and values-driven traders throughout Australia and New Zealand.

The company boasts more than $1.5 trillion in property beneath advice.