Nasfund

Overview

Nasfund was established in 2002 as an approved superannuation fund licensed by the Central Bank of Papua New Guinea under the Superannuation Act. Chairman Christopher Elphick, who was appointed in 2026, oversees a board that includes Deputy Chairman Anthony Yauieb. The fund operates as a compulsory accumulation scheme for the formal workforce of Papua New Guinea, aggregating contributions from employers and members across a country with a small but growing pool of institutional capital. The fund's deployment is concentrated in domestic hard assets and sovereign credit. Commercial property holdings in Port Moresby include PwC Haus, Ravalian Haus, ANZ Haus, BSP Haus, and the Westpac Bank Building, alongside residential portfolios such as The Edge Apartments, Solwara Apartments, and the Nasfund Estate on Sogeri Road. It also holds Government Inscribed Stock and controls NAS Aviation Ltd, a wholly owned operating subsidiary. Nasfund reported total assets under management of K9.45 billion and 2025 returns described as exceptional (per the firm, 2025). With 16 branches and 6 service centers across Papua New Guinea, Nasfund maintains the widest physical footprint of any financial institution in the country. Its professional affiliations include the PNG Institute of Directors and the Australian Institute of Company Directors, while its corporate philanthropy supports the PNG Cancer Foundation. In May 2025, Prime Minister James Marape visited the fund and publicly commended its returns and the reform foundations supporting member growth (per the firm, 2025). Nasfund's structural differentiator is its dual role as both the national pension default and the largest domestic direct investor in real estate and operating companies. Unlike peer funds that allocate through external managers, Nasfund self-operates a real asset portfolio that shapes the commercial property landscape of Papua New Guinea's capital.