Morrison & Co

Morrison US, LLC, established in December 2019, is a leading specialist infrastructure investment and asset manager with global offices. The firm specializes in infrastructure investments, managing approximately $3 billion on a discretionary basis and $22 billion on a non-discretionary basis as of March 31, 2024. Morrison Group tailors services to client needs, providing advice on separately managed accounts and commingled vehicles. The firm does not participate in wrap fee programs and negotiates fees with clients, including base management fees and performance fees. Investment strategies focus on equity and debt investments in infrastructure, emphasizing proactive origination and responsible investing. Morrison Group's investment process involves initial screening, due diligence, and Investment Committee approval. The firm discloses no disciplinary events and has implemented a Code of Ethics to address conflicts of interest. Clients retain investment discretion for separately managed accounts, while commingled fund clients grant discretionary authority to Morrison Group. The firm typically does not have custody of client funds and securities, and clients receive account statements from qualified custodians. Morrison Group votes client securities in accordance with its Proxy Policy. The firm reports no financial conditions impairing its obligations.