Ha ha W69
Morison & Co
"
Public Infrastructure Partners I Fund
The first Public Infrastructure Partners (PIP) Fund raised in 2009 focused on availability-based social infrastructure PPP's in New Zealand. Morrison & Co worked with central, regional and local government agencies, to identify partnership opportunities to develop social infrastructure such as educational, healthcare and student accommodation facilities. These investments are typically structured as long-term concession arrangements under which the PIP Fund will finance, build and maintain assets, for a 25-35 year term, before transferring them back to public ownership at the concession conclusion. Fund investments include:
NZ Schools I PPP
NZ Schools II PPP
Melbourne Convention Centre PPP
Bendigo Hospital key health worker accommodation
University of Wollongong Student Accommodation
Auckland Prison PPP
Public Infrastructure Partners II
PIP Fund II was the follow-on fund with similar investment criteria to PIP Fund I. PIP Fund II had a focus on developing availability-based and contemporary social infrastructure working with local, regional and central New Zealand government agencies.
The Fund reached a final close of $115m and was fully invested in 2018:
Pūhoi to Warkworth PPP Road
NZ Schools II PPP
NZ Schools III PPP
Akoranga Student Village
Waikeria Prison PPP
Public Infrastructure Partners III
PIP Fund III is a follow-on fund with similar investment criteria to PIP Fund I and PIP Fund II. PIP Fund III has a focus on developing social infrastructure in New Zealand and Australia.
The Fund reached first close of $100m in January 2018. The Fund's first investment is the Waikeria Prison PPP."
Yes it is paywalled
Did Jenny Ruth discuss the benefits of doing business with govt departments?
I would expect that IFT/Morrison & Co have done a fare bit of due diligence on this