Morrison has agreed to become Japan’s Sumitomo Mitsui Trust Bank’s (SuMiTB) preferred global infrastructure manager as part of a $2 billion long-term strategic partnership.
SuMiTB will make an initial $500 million commitment into Morrison’s global private market core-plus and value-add strategies as the first step in facilitating the deployment of broad-based Japanese capital into high-quality infrastructure opportunities worldwide. SuMiTB and Morrison have also agreed to a more than $1.5 billion long-term collaboration agreement, which will include raising third-party capital for each other’s infrastructure investment products in their home markets, as well as the development of new infrastructure investment products for Japanese and global investors.
In addition to the broader partnership, SuMiTB will subscribe for new equity in Morrison, resulting in a 15 percent ownership stake. This primary equity issuance will provide growth capital to accelerate Morrison
