Morrison & Co
Morrison & Co
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Morrison & Co

Morrison & Co is a specialist global infrastructure manager, investing in both private and listed markets, with offices in New Zealand, Australia, United Kingdom, United States and Singapore.

Morrison was founded in 1988 by Lloyd Morrison 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 privatisations took place in Australia and New Zealand.

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 public private partnerships.

In 2018, Morrison established the Morrison & Co Growth Infrastructure Fund, 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 Utilities Trust of Australia (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.

In 2021, Morrison raised USD 3 billion for a new open-ended global infrastructure fund.

In 2022, Paul Newfield became Morrison's third CEO, following Marko Bogoievski.

In 2023, Morrison changes its brand name from Morrison & Co to Morrison.

Morrison launched Infratil, one of the world's first listed infrastructure funds in 1994. Infratil is listed on both the New Zealand Exchange and Australian Securities Exchange and was named Deloitte/Management Magazine Company of the Year in 2007. Infratil's major investments include Manawa Energy, Wellington Airport, 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.

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