Morrison & Co hits final close of growth infrastructure fund

FILE PHOTO: An Australia Dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

Morrison & Co, a specialist alternative asset manager, announced that it has reached the third and final close of Morrison & Co Growth Infrastructure Fund (MGIF), a close-ended infrastructure fund that invests in businesses delivering essential services that support future economic activity.

According to a statement, MGIF, which attracted both new and existing investors, reached a total fund size of approximately A$580 million ($414.5 million).

MGIF takes a long-term perspective of investments, focusing on the fundamental value of essential infrastructure services, and targets gross returns of 13-15 per cent per annum. The fund will focus on water, energy and sustainable agricultural assets.

“We are delighted to have achieved this successful outcome, and to have introduced new investors to the experience and calibre of our high performing team. We had a good mix of capital raised from both new and existing Morrison & Co investors, highlighting our ability to build positive long-term relationships with our partners,” said Nicole Walker, Morrison & Co’s Chief Commercial Officer.

MGIF is a closed-ended unlisted infrastructure fund investing in businesses that have long-term growth profiles. The fund has an allocation commitment of at least 75 per cent in Australia.

Its current assets include a South Australian integrated energy, water, and greenhouse facility; a community-based water and electricity infrastructure network provider in eastern Australia; and a recently formed Europe-headquartered renewable energy platform focused on wind, solar, and photovoltaic energy solutions.

Morrison & Co is an alternative asset manager investing in infrastructure and property through both private and listed markets. It manages multiple client mandates with total funds under management of approximately A$15 billion ($10.7 billion) as of 30 June 2020.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.