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Concert Infrastructure has invested into McMorgan Infrastructure Fund II, which is managed by McMorgan & Company, a US-based investment company that works with C$14bn in assets.
The firm said the investment enables Concert Infrastructure to extend its co-investment strategy in partnership with Ontario Municipal Employees' Retirement System Infrastructure (OMERS Infrastructure) - as well as enabling the company to extend its reach to larger infrastructure assets within Canada and globally.
“While Concert Infrastructure’s primary mission remains focused on Canadian infrastructure projects, this partnership provides an efficient investment vehicle, accessing strong infrastructure assets, with scale and geographic diversification, that will strengthen the market position for Concert Infrastructure,” said Derron Bain, managing director at Concert Infrastructure.