# Minderoo Foundation

Minderoo Foundation is an Endowment / Foundation based in Nedlands, Australia.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Nedlands, Australia
- **Region:** Oceania
- **Address:** 171-173 Mounts Bay Rd, Nedlands, Western Australia, Australia
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** minderoo.org
- **LinkedIn:** https://au.linkedin.com/company/minderoo

## Regulatory record

- **Reports private funds:** No

## About

Minderoo Foundation was established in 2001 by Andrew Forrest AO and Nicola Forrest AO. The couple signed the Giving Pledge as the first Australians and directed proceeds from Fortescue share sales into the foundation, including a 2023 transfer of approximately $5 billion in Fortescue equity. The foundation deploys capital through direct investments, co-investments and fund commitments. Confirmed positions include Teal Health, FarmInsect, Planet Protector Packaging, Kalpana Systems and the ReOcean Fund. It also commits to vehicles such as the Working Capital Fund and Adamantem Capital Environmental Opportunities Fund. Activity spans Australia, the United States, Germany and the Netherlands, with emphasis on ocean research, sustainable packaging and agtech. The foundation employs 201 professionals and maintains a diversified corpus that includes public securities and managed funds. It owns Minderoo Pictures outright and operates the 58-metre research vessel Pangaea Ocean Explorer. In September 2025 the foundation participated as a speaker at New York Climate Week to discuss ocean innovation and the ReOcean Fund launch. Adjacent vehicles include the Leeuwin Ocean Adventure Foundation. Governance separates the foundation from Tattarang while sharing the same CEO. This architecture allows the foundation to pursue grant-making and impact investments without direct overlap with the family's commercial holdings.

## Sectors

- ClimateTech
- Healthcare
- Education
- Arts

## People

- Andrew Forrest AO — Founder and Non-Executive Director
- Nicola Forrest AO — Founder and Non-Executive Director
- John Hartman — CEO
- Allan Myers AC KC — Chair

## Questions

### Who runs investment decisions at Minderoo Foundation?

John Hartman serves as CEO of both Minderoo Foundation and Tattarang. Andrew Forrest AO and Nicola Forrest AO remain non-executive directors. Allan Myers AC KC acts as chair.

### Does Minderoo Foundation participate in fund commitments or only direct deals?

The foundation makes both direct investments and commitments to external vehicles. Holdings include positions in the ReOcean Fund, Working Capital Fund and Adamantem Capital Environmental Opportunities Fund.

### What investment stages does Minderoo Foundation typically target?

Activity covers early-stage seed and growth investments alongside co-investments and select buyout exposure. Portfolio companies include startups in healthcare monitoring, agtech and sustainable packaging.

### How is Minderoo Foundation related to Tattarang?

Tattarang serves as the Forrest family's private investment group and provides operational backing to the foundation. The two entities share a CEO while maintaining separate mandates.

### What is Minderoo Foundation's known posture on co-investments alongside external GPs?

The foundation participates in co-investments and limited-partner commitments through its Strategic Impact Fund. Examples include positions alongside other investors in Teal Health and FarmInsect.

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- [United Bankers Fund Management](https://altss.com/profile/united-bankers-fund-management)
- [HPC Germany](https://altss.com/profile/hpc-germany)

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Last updated: 2026-06-03T20:00:00.000Z

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