McMorgan & Company Increases Stake in Waveconn to Accelerate Australian Tower Portfolio Growth
San Francisco, California, January 13, 2026 – McMorgan & Company (“McMorgan”) is pleased to announce the successful completion of its additional investment in Waveconn, a specialist developer and investor in telecommunications infrastructure in Australia, further expanding its investments in the communications sector.
McMorgan completed this transaction alongside OMERS Infrastructure, a global leader in infrastructure investing.1 McMorgan first invested in Waveconn in 2023, following the company’s formation through the acquisitions of TPG Telecom Limited’s mobile tower and rooftop portfolio and Stilmark. This additional investment by McMorgan and OMERS supported the expansion of the Waveconn tower portfolio, while also transforming the business into a market leader in Australia’s small cells infrastructure.
“The digital infrastructure sector is a key strategic focus within our investment objectives, and we’re excited to deepen our commitment to the space alongside OMERS,” said Luke D’Alves, Managing Director, Infrastructure at McMorgan & Company. “This additional investment in Waveconn reflects our conviction in the company’s differentiated service model and its ability to capitalize on the telecommunications industry’s growing need for agile, independent infrastructure partners.”
“This investment is another example of the invaluable partnership we have built over the last 12 years with McMorgan, a cornerstone investor for OMERS Infrastructure’s Strategic Partnership Program,” said Irini Kalamakis, Global Head of Strategic Partnerships, OMERS Infrastructure.
With this expanded investment, Waveconn is well-positioned to meet the growing infrastructure demands of Australia’s telecommunications sector and capitalize on the accelerating deployment of next-generation mobile networks.
About McMorgan & Company
Founded in 1969, McMorgan & Company is a leading investment management firm that seeks to empower confident investment decisions in strategies that diversify, preserve, and effectively grow capital. Today, the firm works with over 200 institutional clients comprising more than $10 billion in assets. McMorgan maintains a diverse investment platform comprised of both traditional and alternative strategies, as well as proprietary branded vehicles.
About OMERS Infrastructure
OMERS Infrastructure manages infrastructure investments globally on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada, and third-party investors through its Strategic Partnership Program. OMERS Infrastructure manages approximately C$38.8 billion, including capital invested on behalf of OMERS and third parties, in approximately 30 investments located in North America, Western Europe, India and Australia, and across sectors including energy, digital and transportation. OMERS Infrastructure has employees in Toronto, New York, London, Amsterdam, Singapore and Sydney.
