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Adviser Profile

As of Date 06/28/2024
Adviser Type - Outside the United States
Number of Employees 19 171.43%
of those in investment advisory functions 14 133.33%
Registration SEC, Approved, 08/30/2021
AUM* 25,685,270,000 66.79%
of that, discretionary 2,698,640,000 100.00%
Private Fund GAV* 0 -100.00%
Avg Account Size 2,568,527,000 -83.32%
SMA’s No
Private Funds 0 1
Contact Info +1 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Pension and profit sharing plans
- Sovereign wealth funds and foreign official institutions
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
15B 13B 11B 9B 7B 4B 2B
2021 2022 2023

Private Funds



Employees

Brochure Summary

Overview

A. Advisory Firm Morrison & Co is a Delaware limited liability company. It was formed on December 17, 2019. Morrison & Co is owned by H.R.L. Morrison & Co United States Holdings Limited, a New Zealand company, which is, in turn, owned by H.R.L. Morrison & Co Group Limited Partnership (the "Limited Partnership"), a New Zealand limited partnership. H.R.L. Morrison & Co Group GP Limited (the "General Partner") exercises day to day voting control and exclusive management of the Limited Partnership. No limited partner in the Limited Partnership may exercise management or control of the Limited Partnership except for certain reserved matters which the General Partner cannot approve without approval of a certain percentage of the unitholders. Interests in the Limited Partnership are represented by class A and class B units. Class A and B units rank equally economically. Class A unitholders have voting rights (and the right to a stapled share in the General Partner), however, as noted above, only the General Partner may exercise day to day voting control and management of the Limited Partnership (aside from certain reserved matters for which the approval of a certain percentage of (typically class A) unitholders is required). For administrative reasons, Morrison Nominees Limited (the "Nominee") holds the units in the Limited Partnership and shares in the General Partner on behalf of the beneficial owners, however, the Nominee is only able to exercise any rights attaching to such units and shares in accordance with written instructions of the beneficial owners. The beneficial owners of the Limited Partnership are a combination of Morrison & Co's founders (including the family of the late Lloyd Morrison) and current and former directors, executives, and employees of H.R.L. Morrison & Co Group Limited Partnership and its subsidiaries (the “Morrison & Co Group”). The beneficial owners of the Limited Partnership are the ultimate beneficial owners of both Morrison & Co and the Morrison & Co Group. As of 29 June 2023, the simplified ownership structure of Morrison & Co is as set out below. Morrison Nominees Limited (No 582772) H.R.L. Morrison & Co Group Limited Partnership Limited Partnership H.R.L. Morrison & Co Group GP Limited General Partner NZ incorporated US incorporated 100% legal and beneficial ownership 100% legal ownership 100% beneficial ownership Founders
and current and former Directors, Executives and Employees H.R.L. Morrison & Co United States Holdings Limited (No 7861180) H.R.L. Morrison & Co (US), LLC (No 77569925) The Morrison & Co Group was founded by Lloyd Morrison in 1988 and is a leading specialist infrastructure investment and asset manager, investing in both private and listed markets. B. Advisory Services The Morrison & Co Group has seven offices globally across four continents, which are located in Sydney, Melbourne, Wellington, Auckland, Singapore, London, and New York, as well as a presence in Zurich. As of March 31, 2023, the Morrison & Co Group has a global team of 177, including 81 infrastructure investment professionals and over 70 institutional investors as its clients. Morrison & Co will provide investment advice to the Morrison & Co Group which will, in turn, provide advice to separately managed accounts and commingled vehicles (including Infratil Limited which is a public company listed on the New Zealand and Australian stock exchanges). Morrison & Co specializes in providing advice in relation to infrastructure investments. C. Tailored Advisory Services and Restrictions For separately managed accounts, Morrison & Co will provide services tailored to the specific needs of its client in accordance with the client’s investment objectives. Any restrictions that may be imposed on Morrison & Co in relation to investment in certain securities or certain types of securities that are applicable to a relevant separately managed account will be set forth in the relevant legal documentation. For a pooled investment vehicle or fund, Morrison & Co will generally not tailor its services to individual investors in the fund but will provide services consistent with the fund’s offering and constituent documentation. Morrison & Co will provide investment advice to the Morrison & Co Group as described in section E below. D. Wrap Fee Programs Morrison & Co does not participate in wrap fee programs. E. Assets under Management Morrison & Co provides investment advice to the Morrison & Co Group in connection with the Morrison & Co Group’s separately managed account and fund clients. As of March 31, 2023, the Morrison & Co Group has USD$18.64 billion in assets under management (“AUM”), of which USD $5.94 billion is attributable to advice provided by Morrison & Co.1