HRL Morrison & Co (Morrison & Co) has held the first close of a new open-ended global infrastructure fund, the Morrison & Co Infrastructure Partnership (MCO IP), securing more than USD3 billion in fund commitments and co-investment capital from anchor investors.

MCO IP is designed to provide investors with access to major global themes driving multi-decade growth opportunities, including the energy transition and decarbonisation, climate change and digitisation of the global economy. MCO IP’s strategy builds on Morrison & Co’s outstanding track record in infrastructure investing.

MCO IP has a global investment mandate, principally targeting assets in North America, the United Kingdom, Europe, Australia and New Zealand, with a focus on the energy sector, other utilities, and data infrastructure. It has an objective to provide investors with an 8-10 per cent pa gross USD return, and will take a responsible investment approach, aiming to be carbon neutral by 2050.

“Securing over USD3 billion in fund commitments and co-investment capital is a terrific show of support for our global investment capability. We are also attracting high calibre talent as we expand our presence in North America, Europe, Australia, Asia and New Zealand.”

Read more/Source: Private Equity Wire