Alternatives investment firm QIC has announced the first close of its global infrastructure fund after raising more than $1 billion of new capital.
The QIC Global Infrastructure Fund (QGIF) has been closed at 50 per cent of target, and will now begin its investment period.
QIC head of global infrastructure Ross Israel said: “I’m delighted by the level of support and fund commitments that QGIF has been able to secure in this first close as a result of our focused marketing efforts and a strong potential investment pipeline.”
The fund aims to provide institutional investors with long-term exposure to a diversified portfolio of global infrastructure assets.
Investors will be exposed to a range of infrastructure assets in developed OECD countries, with a focus on Australia.
Australian super fund Hostplus, an Asian sovereign wealth fund and Chinese insurer have invested in the fund.
According to QIC, the fund is targeting $1.75 billion of total capital commitments.
After much speculation, NAB has appointed its new chief executive following the departure of Andrew Thorburn. ...
Credit rating agency Fitch Ratings has changed its outlook on Westpac and ANZ from “stable” to “negative”, following APRA’s updat...
International investment group Mayfair 101 is launching a new brand to focus on Australian customers and provide diversified international i...