McMorgan launches second infrastructure fund, captures $200m of commitments
Infrastructure - MARCH 24, 2023

McMorgan launches second infrastructure fund, captures $200m of commitments

by Kali Persall

McMorgan Infrastructure Fund II, an open-ended infrastructure fund managed by McMorgan & Company, has captured more than $200 million of commitments from investors, according to a recent filing with the SEC.

In February, McMorgan announced its plans for the fund’s launch in March. The firm said McMorgan Infrastructure Fund II will continue McMorgan’s nine-year relationship successfully investing alongside the OMERS Pension Plan in large-scale, global core and core-plus infrastructure assets.

Fund II will utilize an open-end structure, allowing the receipt of ongoing commitments from limited partners as it continues to evaluate new opportunities for investment. Commitments received before June 30 will receive the benefits of the fund’s founders class, including a reduced fee, prioritized capital deployment and the ability to participate in the fund’s limited partner advisory committee.

The fund’s predecessor, McMorgan Infrastructure Fund I, was a closed-end fund that raised $1.325 billion in capital commitments. Fund I has provided investors with a diversified portfolio of eight infrastructure assets globally through Sept. 30, 2022.

Fund II plans to target a range of institutional investors, including pension funds, endowments, family offices and union plans, which were critical to the success of Fund I.

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