14 April 2026
Colonial First State (CFS) today announces a strategic partnership with global infrastructure investor Morrison, which sees CFS allocate A$370m through its private markets portfolio to Morrison’s value add strategy across both fund and discretionary co-investments.
Morrison’s global, mid-market value-add infrastructure strategy has a diversified geographic mandate across North America, Europe and Asia-Pacific. It targets investments supported by long-term structural growth themes and strong defensive characteristics across sectors including digital infrastructure, energy transition and transport and logistics.
“This 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,” said Jonathan Armitage, Chief Investment Officer at Colonial First State.
“We are pleased to partner with a global manager that brings deep sector expertise and a long-term investment approach,” added Mr Armitage.
Through its commitment, CFS will gain exposure to a pipeline of global infrastructure opportunities and benefit from Morrison’s global operating platform and sector expertise. Capital has already been deployed under the value-add strategy into two investments including Polaris, Morrison’s Asia-Pacific cold storage platform, and Fillex, a United States pharmacy logistics platform.
“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,” said Paul Newfield, Chief Executive at Morrison.
“We’re pleased to establish this partnership with CFS and look forward to working together closely as we invest the capital they’ve entrusted to us across our global pipeline,” added Mr Newfield.
Media enquiries
Steven Reilly, Director External Communications, Colonial First State
Emma Myers, Communications Manager, Morrison
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About Morrison
Morrison is a leading global infrastructure manager, investing across the infrastructure risk spectrum. Established in 1988, Morrison had over USD30 billion of assets under management as of 30 June 2025. Our purpose is to invest wisely in ideas that matter. We believe the best investments serve an enduring societal need and we apply a specialist investment approach, refined over multiple decades and economic cycles, to invest in infrastructure for a modern economy. For more information, visit https://www.morrisonglobal.com.
About Colonial First State
Colonial First State (CFS) is Superannuation and Investments HoldCo Pty Limited ABN 64 644 660 882 and its subsidiaries which include Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) and Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL). CFS is majority owned by an affiliate of Kohlberg Kravis Roberts & Co. L.P. (KKR), with the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (CBA) holding a significant minority interest.