Colonial First State has awarded a A$370m (€223m) mandate to global infrastructure manager Morrison as part of a partnership to invest in the firm’s unlisted infrastructure portfolio.
Colonial First State, which is majority owned by KKR, said the commitment to Morrison’s value-add strategy would be invested through its fund and discretionary co-investments.
Morrison’s global, mid-market value-add infrastructure strategy has a diversified geographic mandate across North America, Europe and Asia-Pacific.
“It targets investments supported by long-term structural growth themes and strong defensive characteristics across sectors, including digital infrastructure, energy transition and transport and logistics.”
Jonathan Armitage, CIO at Colonial First State, said: “This partnership with Morrison aligns with our objective of building a resilient, diversified infrastructure portfolio. It reflects our continued focus on high-quality, actively managed investments that deliver strong risk-adjusted returns for our members.”
Paul Newfield, Morrison’s CEO, said: “We appreciate Colonial First State’s commitment to Morrison’s value-add infrastructure capabilities, which reflects the growing demand we’re seeing globally for high-quality, mid-market infrastructure investments.”
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