NARP’s John Jurrius to raise major new fund dedicated to aboriginal self-reliance, resource development
It’s an unsettling paradox that many of Canada’s First Nations communities are resource-rich and yet live in poverty. Might private equity have a positive role to play here? John Jurrius, president and CEO of the Calgary-based Native American Resource Partners LLC (NARP), thinks so. In the second quarter of 2014, Jurrius plans to go to market with a new fund focused on aboriginal economic self-sufficiency, peHUB Canada has learned. Targeted to raise capital commitments of between $500 million and $1 billion, the fund will invest in parallel with traditional PE firms in resource projects that create long-term ownership interests and income streams for First Nations in Canada.
24 February 2014•5 mins read
