Morrison & Co eyes asset sales from first PIP Fund

Tue, 23 Jul 2019

By Paul McBeth July 23 (BusinessDesk) - The HRL Morrison-managed PIP Fund 1 has hired an adviser to test the waters for a buyer of its social infrastructure assets. The fund has $176.5 million of capital committed and counts the New Zealand Superannuation Fund as a cornerstone investor. Some $41 million was also committed from the New Zealand Social Infrastructure Fund, which was set up for retail investors to get exposure to public-private partnerships and is the second-largest investor behind the Super Fund. The Australian Financia...

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