CFS bets $370m on Morrison’s infrastructure assets

Binaya Dahal

Journalist

15 April 2026

Colonial First State (CFS) has committed to invest A$370 million in global infrastructure investor Morrison’s value-add strategy, spanning both fund investments and discretionary co-investments, through its private markets portfolio.

The $150 billion fund announced the move on Tuesday saying the partnership would provide it access to a globally diversified investment approach across North America, Europe and Asia-Pacific, with a focus on mid-market infrastructure assets.

The strategy will target opportunities in digital infrastructure, the energy transition, and transport and logistics, aligning with long-term structural growth themes while offering defensive characteristics.

CFS’ chief investment officer Jonathan Armitage said the super fund values its partnership with a global manager that brings deep sector expertise and a long-term investment approach.

“This partnership with Morrison aligns with our objective of building a resilient, diversified infrastructure portfolio,” Armitage said. “It reflects our continued focus on high-quality, actively managed investments that deliver strong risk-adjusted returns for our members.”

The manager has already deployed capital under the value-add strategy into two investments, including Polaris, its Asia-Pacific cold storage platform, and Fillex, a US pharmacy logistics platform.

Morrison’s chief executive Paul Newfield said the firm is pleased to establish the partnership with CFS and looks forward to working closely together as it invests the capital CFS has entrusted across its global pipeline.

“We appreciate Colonial First State’s commitment to Morrison’s value-add infrastructure capabilities, which reflects the growing demand we’re seeing globally for high-quality, mid-market infrastructure investments,” Newfield said.