Morrison has appointed Gary Sugarman, Principal of Richfield Associates Inc., to drive its infrastructure investment activities in the digital sector.
Morrison established its New York office in 2020 to expand its presence in North America, building on three decades of successful infrastructure and alternative asset investing.
William Smales, Global Head of Private Markets, Morrison & Co, said: “We are delighted to welcome Gary to our team, at a pivotal time for our expanding business development activities.”
“As a highly respected telecom and data sector veteran, Gary will bring valuable insights as we accelerate our digital infrastructure investment growth strategy for North America. Gary’s deep knowledge of the telecom and data sectors, and his commitment to embedding sustainability into our investment processes, align perfectly with our priorities.”
For over 25 years, Mr. Sugarman has invested in and operated telecom and data companies. He is currently Principal of Richfield Associates Inc., a firm he founded in 1993, to provide advice to telecom companies to access capital via equity investments. He was also the Managing Member of Richfield Capital Partners, a fund he formed in 2010, to deliver working capital investments to the technology sector.
Gary Sugarman, Principal of Richfield Associates Inc., said: “I am excited to collaborate with Morrison & Co, as it looks to actively grow its US digital infrastructure portfolio. I love these sectors, and I believe investors will find Morrison & Co’s proven track record, together with its entrepreneurial culture and commitment to sustainability, to be highly attractive.”
Morrison & Co has deep investment and operating experience in digital infrastructure, holding investments in Vodafone New Zealand and CDC Data Centres, on behalf of investors. It has an established track record of successful early digital infrastructure investment across integrated mobile carriers, data centers, enterprise fiber and registries businesses throughout Europe and Australasia.
The firm is actively growing its US investment portfolio by leveraging its key investment themes of decarbonisation, data and connectivity, and social infrastructure. Within the US, it currently manages investments in renewable energy firm, Longroad Energy, and Clearvision Ventures, an infra-tech fund.
Mr Sugarman will advise Morrison & Co’s US team on investment opportunities within the data center, fiber and connectivity sectors. He will also provide mentorship and strategic counsel to senior executives of the firm’s portfolio companies.
About Gary Sugarman
Mr Sugarman is a board member of Telephone & Data Systems Inc. (NYSE: TDS) and LICT Corporation (OTCPK: LICT), an integrated provider of broadband & voice services. He was previously a Board member of telco holding company, Otelco Inc (NYSE: OTEL); Executive Chairman of FXecosystem, which provides outsources connectivity services to the foreign exchange and bond markets; Executive Chairman of Veroxity Technology Partners Inc, which builds optical networks and provides telecom network services; and Chairman/CEO of Mid Maine Communications. He also has long experience in cable television investments having held Board roles at three CATV service providers, including PrairieWave Communications.