Colonial First State has awarded a A$370m (鈧�223m) mandate to global infrastructure manager Morrison as part of a partnership to invest in the firm鈥檚 unlisted infrastructure portfolio.
Colonial First State, which is majority owned by KKR, said the commitment to Morrison鈥檚 value-add strategy would be invested through its fund and discretionary co-investments.
Morrison鈥檚 global, mid-market value-add infrastructure strategy has a diversified geographic mandate across North America, Europe and Asia-Pacific.
鈥淚t targets investments supported by long-term structural growth themes and strong defensive characteristics across sectors, including digital infrastructure, energy transition and transport and logistics.鈥�
Jonathan Armitage, CIO at Colonial First State, said: 鈥淭his 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.鈥�
Paul Newfield, Morrison鈥檚 CEO, said: 鈥淲e appreciate Colonial First State鈥檚 commitment to Morrison鈥檚 value-add infrastructure capabilities, which reflects the growing demand we鈥檙e seeing globally for high-quality, mid-market infrastructure investments.鈥�
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