Craigs Investment Partners Limited and Morrison & Co PIP Limited have established the New Zealand Social Infrastructure Fund Limited (“NZSIF”) to invest as a Limited Partner in the Public Infrastructure Partners LP Fund (“PIP Fund”). NZSIF will enable New Zealand investors to participate in the development of Social Infrastructure Assets through Public-Private Partnerships (“PPPs”).
NZSIF has an exclusive opportunity to undertake a public offer to raise capital to invest in the PIP Fund. This will provide the opportunity to invest and participate in the development of Social Infrastructure Assets (such as schools, hospitals and prisons). The NZ Superannuation Fund has committed to invest $100 million in the PIP Fund as the cornerstone investor. NZSIF will invest in the PIP Fund on substantially the same terms as the NZ Superannuation Fund and other institutional investors, providing a dedicated pool of capital to fund the delivery of Social Infrastructure Assets through PPPs, with a focus on New Zealand opportunities. The PIP Fund may also make investments in Australian based Social Infrastructure Assets in certain circumstances.