Sumitomo Mitsui Trust Group to Take 15% Stake in Australia-Based Infrastructure Manager Morrison

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Summary · why it matters

Sumitomo Mitsui Trust Group announced on the 7th that it has signed an agreement to acquire a 15% voting stake in Morrison, an infrastructure investment manager with main bases in New Zealand and Australia, through its subsidiary Sumitomo Mitsui Trust Bank, making it an equity-method affiliate. The acquisition price is believed to be in the tens of billions of yen, with the acquisition period scheduled for October to December after obtaining approval from relevant regulatory authorities in each country. As part of strengthening the partnership, it will also invest 500 million dollars in an infrastructure investment fund managed by Morrison. Sumitomo Mitsui Trust Bank aims to achieve 1.5 billion dollars in joint assets under management through a two-way initiative of introducing Morrison's products to Japanese investors and its own products to investors in the Asian region. Morrison was established in 1988, and as of March 2026 its assets under management exceeded approximately 30 billion dollars, marking its first partnership in the Japanese market.

Impact on assets 1

Financials▲ · 1 stocks
Sumitomo Mitsui Trust Group, Inc.
8309
▲ PositiveCapitalrelevance

Sumitomo Mitsui Trust Group is acquiring a 15% stake in Morrison and investing $500M in its fund, expanding its infrastructure investment business.

Off-coverage companies 1

Morrison & CoPrivate▲ Positive
Capitalrelevance

Morrison receives a 15% equity investment and $500M fund commitment from Sumitomo Mitsui Trust Group, marking its first Japanese partnership.

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