35:
283:, one.nz, RetireAustralia and CDC Data Centres. Infratil pays Morrison a management fee that is tied to the total value of assets under management. Infratil’s after tax return since listing in March 1994 has been 18.7% per annum to March 2022, and over the last ten years the returns have averaged 21.6% per annum after tax. In 2021, Infratil was recognised in the IJInvestor awards with APAC Fund Performance of the year.
466:
In March 2008, Lloyd
Morrison launched a campaign to set a common goal for New Zealand, called "A measurable goal". This effort was in part motivated by forecasts showing New Zealand's current economic growth trajectory would see its GDP per capita ranking among countries falling to 47th. In 1950 New
396:
is the cornerstone investor in the PIP Fund and
Morrison secured capital commitments from a number of New Zealand-based community trusts and institutional investors. The PIP Fund has investment capacity to deliver around NZ$ 1 billion of social infrastructure under PPP structures. The New Zealand
400:
On 10 December 2015 Morrison announced first financial close of PIP II a follow on Fund to the original PIP again focused on investing in NZ PPP's. The first PIP fund is fully invested in
Hobsonville Point Primary and Secondary Schools, Melbourne Convention Centre PPP, Bendigo Hospital key health
213:
After launching
Infratil in 1994, Morrison became an increasingly active investor and adviser in privatisations of Australasian airports, ports and energy businesses. In 2009, Morrison launched the Public Infrastructure Partnership Fund, New Zealand's first fund dedicated to investing in
324:
UTA is an open-ended infrastructure fund established in 1994 and is one of
Australia's first infrastructure investment funds. UTA has a globally diversified portfolio of quality assets and a track record of delivering strong returns with low volatility over time. This includes
444:
from
Telstra Ltd, the largest network of mobile tower sites in Australia. The consortium comprised the Future Fund as its largest investor, Sunsuper and the Commonwealth Superannuation Corporation (CSC). The business later changed its name to Amplitel Ltd.
291:
Morrison also managed
Infratil Australia Limited from its founding in 1994 until 31 July 2000 when the fund was subject to a takeover by the Australian Infrastructure Fund. Prior to the takeover, Infratil Australia Limited owned stakes in
205:
to offer a broad range of investment advisory services to private and public sectors in New
Zealand and Australia. In the early 1990s Morrison & Co narrowed its focus to infrastructure investment and advisory services as major
316:
In July 2018, Morrison took over management of
Utilities Trust of Australia (UTA) from Hastings Funds Management and its A$ 6bn portfolio of core infrastructure assets. This was a result of the sale of Hastings Fund Management by
542:
416:
MGIF's total fund size reached approx. A$ 580 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 annum.
436:
across its own operations. This means, where possible, its business will eliminate carbon emissions altogether, or alternatively, they will be offset through programmes that work with local communities.
229:(UTA) and its portfolio of core infrastructure assets. During the following three years, Morrison expanded its presence outside New Zealand and Australia into Asia, Europe, UK and North America.
954:
1070:
1075:
233:
225:, a co-mingled fund targeting risk-adjusted returns through unlisted infrastructure assets with a strong sustainability focus. Also in 2018, Morrison took over management of
1080:
401:
worker accommodation, University of
Wollongong Student Accommodation, NZ Schools II PPP (four schools in Auckland, Canterbury and Queenstown) and Auckland Prison PPP.
1085:
907:
589:
611:
1065:
215:
831:
410:
222:
780:
388:
In 2009, Morrison launched of the Public Infrastructure Partnership Fund (PIP Fund), New Zealand's first fund dedicated to investing in
455:
Marko was recognised by the IJGlobal Awards as Outstanding Individual of the Year and by the NZ Herald as a Business Hero in 2021.
510:
441:
982:
393:
377:
863:
809:
458:
In April 2023, Morrison completed its acquisition of FiberLight for USD 1bn. and announced Bill Major as CEO of Fiberlight.
272:
885:
1008:
365:
321:
to Northill Capital in December 2017, which caused investors in UTA to vote and terminate Hasting's mandate as manager.
297:
226:
452:
after 13 years, transitioning to new CEO, Paul Newfield, who was previously the Head of Australia & New Zealand.
326:
564:
929:
397:
Social Infrastructure Fund was established in 2010 to enable private investors to participate in the PIP Fund.
633:
275:
and was named Deloitte/Management Magazine Company of the Year in 2007. Infratil's major investments include
173:
is a specialist global infrastructure manager, investing in both private and listed markets, with offices in
433:
140:
781:"M5 South West motorway: Summary of contracts - Including motorway widening contracts, as at 25 June 2012"
354:
449:
959:
301:
838:
484:
350:
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268:
260:
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338:
305:
280:
908:"Futuristic renewable-energy agribusiness Sundrop Farms sells to trans-Tasman investment firm"
342:
17:
1037:
680:
48:
Please help update this article to reflect recent events or newly available information.
517:
202:
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105:
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In 2022, Paul Newfield became Morrison's third CEO, following Marko Bogoievski.
174:
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In 2023, Morrison changes its brand name from Morrison & Co to Morrison.
147:
116:
730:
334:
190:
178:
755:
655:
259:, one of the world's first listed infrastructure funds in 1994. Infratil (
304:
Territories Airports, Southern Hydro, and Port of Portland in Australia (
256:
152:
134:
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Morrison was appointed to manage a global infrastructure mandate by the
955:"Business heroes: The low key visionary who reshaped Morrison & Co"
318:
264:
440:
In June 2021, a Morrison managed consortium acquired 49 per cent of
810:"Morrison & Co agrees to sell UTA's stake in Interlink Roads"
612:"Investors in Hastings' UTA meet, unanimous in their disapproval"
590:"AIF Moves to Compulsory Acquisition & Delisting of Infratil"
565:"IJInvestor Awards 2021 – APAC Company Awards | News | IJGlobal"
389:
864:"Morrison & Co to Manage Infrastructure Mandate (21 March)"
162:
930:"Outstanding Individual of the Year – APAC | News+ | IJGlobal"
28:
364:
as one of the top ten infrastructure funds globally and the
413:
of the Morrison & Co Growth Infrastructure Fund (MGIF)
1009:"FiberLight Appoints Industry Veteran Bill Major as CEO"
634:"From hero to zero: The Hastings Fund Management story"
516:. New Zealand Management. December 2007. Archived from
425:
In May 2019, Morrison purchased agriculture business
361:
384:
The Morrison Public Infrastructure Partnership Fund
158:
146:
127:
111:
101:
86:
78:
70:
511:"Deloitte/Management Magazine Company of the Year"
448:In 2021, its second CEO following Lloyd Morrison,
886:"Craigs and Morrison & Co to launch new fund"
1071:Financial services companies established in 1988
866:. New Zealand Superannuation Fund. 21 June 2006
837:. Metro Transport Sydney. 2005. Archived from
614:. Australian Financial Review. 6 December 2017
592:. Australian Infrastructure Fund. 31 July 2000
232:In 2021, Morrison raised USD 3 billion for a
8:
485:"Morrison & Co announces CEO transition"
223:Morrison & Co Growth Infrastructure Fund
65:
1076:Financial services companies of New Zealand
432:In early 2021, Morrison committed to being
64:
1034:"NZ 'slipping behind Botswana and Borat'"
234:new open-ended global infrastructure fund
210:took place in Australia and New Zealand.
1081:Privately held companies of New Zealand
983:"FiberLight Appoints Bill Major as CEO"
476:
409:In August 2020, Morrison announced the
349:which it sold in 2019 and the former
7:
832:"Technical Details (Metro Monorail)"
790:. Roads and Maritime Services. 2012
405:Morrison Growth Infrastructure Fund
1086:1988 establishments in New Zealand
812:. Morrison & Co. 7 August 2019
467:Zealand was ranked in the top 10.
221:In 2018, Morrison established the
25:
888:. Fairfax Media. 3 November 2009
411:successful third and final close
201:Morrison was founded in 1988 by
33:
394:New Zealand Superannuation Fund
378:New Zealand Superannuation Fund
372:New Zealand Superannuation Fund
327:Australian Registry Investments
1007:PR, Escalate (20 April 2023).
681:"Assets – Data Infrastructure"
273:Australian Securities Exchange
1:
1066:Companies based in Wellington
760:Utilities Trust of Australia
735:Utilities Trust of Australia
710:Utilities Trust of Australia
685:Utilities Trust of Australia
660:Utilities Trust of Australia
312:Utilities Trust of Australia
298:Darwin International Airport
227:Utilities Trust of Australia
18:Utilities Trust of Australia
545:. infratil.com. 24 May 2022
216:public private partnerships
1102:
368:for its ESG performance.
360:In 2021, UTA was rated by
345:. UTA also formerly owned
287:Infratil Australia Limited
910:. abc.net.au. 14 May 2019
42:This article needs to be
543:"Infratil Annual Report"
450:Marko Bogoievski retired
429:for an undisclosed sum.
267:) is listed on both the
366:leading fund in Oceania
90:8 August 1988
355:Metro Transport Sydney
347:M5 South West Motorway
302:Alice Springs Airport
82:Investment management
706:"Assets – Transport"
269:New Zealand Exchange
987:www.thefastmode.com
339:Phoenix Natural Gas
163:www.hrlmorrison.com
67:
960:New Zeaalnd Herald
844:on 27 January 2005
636:. 23 November 2018
523:on 14 October 2008
306:Portland, Victoria
281:Wellington Airport
255:Morrison launched
731:"Assets – Energy"
489:Morrison & Co
351:Sydney Light Rail
171:Morrison & Co
168:
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66:Morrison & Co
63:
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16:(Redirected from
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756:"Assets – Water"
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462:Other activities
434:climate positive
343:South East Water
246:Business summary
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36:
29:
21:
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1040:. 11 March 2008
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139:Paul Newfield (
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74:Private company
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491:. 21 July 2021
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442:InfraCo Towers
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208:privatisations
203:Lloyd Morrison
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183:United Kingdom
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133:Rob Morrison (
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981:Sharma, Ray.
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331:Perth Airport
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294:Perth Airport
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277:Manawa Energy
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1042:. Retrieved
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1016:. Retrieved
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990:. Retrieved
986:
976:
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958:
949:
937:. Retrieved
934:ijglobal.com
933:
924:
912:. Retrieved
902:
890:. Retrieved
880:
868:. Retrieved
858:
846:. Retrieved
839:the original
826:
814:. Retrieved
804:
792:. Retrieved
788:NSW Treasury
787:
775:
763:. Retrieved
759:
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738:. Retrieved
734:
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713:. Retrieved
709:
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688:. Retrieved
684:
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663:. Retrieved
659:
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638:. Retrieved
628:
616:. Retrieved
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594:. Retrieved
584:
572:. Retrieved
569:ijglobal.com
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559:
547:. Retrieved
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525:. Retrieved
518:the original
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200:
170:
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148:Subsidiaries
112:Headquarters
71:Company type
54:January 2022
51:
43:
26:
794:8 September
656:"About UTA"
175:New Zealand
122:New Zealand
1060:Categories
1013:Accesswire
966:11 January
939:11 January
848:1 February
816:3 December
765:23 October
740:23 October
715:23 October
690:23 October
665:23 October
640:23 October
618:23 October
574:11 January
471:References
129:Key people
117:Wellington
94:1988-08-08
914:10 August
335:TransGrid
191:Singapore
179:Australia
1018:21 April
992:21 April
257:Infratil
251:Infratil
153:Infratil
135:Chairman
79:Industry
1044:29 June
892:29 June
870:29 June
596:29 June
527:29 June
495:26 July
319:Westpac
197:History
159:Website
102:Founder
92: (
87:Founded
44:updated
549:19 May
392:. The
353:owner
1038:Stuff
842:(PDF)
835:(PDF)
784:(PDF)
521:(PDF)
514:(PDF)
421:Other
362:GRESB
1046:2009
1020:2023
994:2023
968:2022
941:2022
916:2019
894:2010
872:2009
850:2018
818:2021
796:2021
767:2021
742:2021
717:2021
692:2021
667:2021
642:2021
620:2021
598:2009
576:2022
551:2021
529:2009
497:2023
390:PPPs
271:and
189:and
308:).
265:IFT
261:NZX
236:.
141:CEO
1062::
1036:.
1011:.
985:.
957:.
932:.
786:.
758:.
733:.
708:.
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567:.
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218:.
193:.
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