Australia investment firm QIC has raised $800 million in the first close of its global infrastructure fund. The limited partners of QIC Global Infrastructure Fund includes Hostplus, an Australian pension fund, an Asian sovereign wealth fund and a China insurer.
August 3, 2015 – New York/London – QIC, a global diversified alternatives investment firm offering infrastructure, real estate, private equity, liquid strategies and multi-asset investments, and one of Australia’s largest institutional investment managers, today announced the first close of the QIC Global Infrastructure Fund (“QGIF” or “the Fund”) at 50 per cent of target after raising more than A$1 billion (US$800 million) of new capital for its Global Infrastructure platform.
QGIF has secured commitments from a range of institutional investors including Hostplus, one of Australia’s largest pension funds, an Asian sovereign wealth fund, one of China’s leading insurers and two foundation QIC clients. An additional commitment has also been made under a co-investment arrangement.
Ross Israel, Head of QIC Global Infrastructure 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.”
QGIF is an unlisted investment vehicle that seeks to provide institutional investors with access to attractive, risk-adjusted returns through long-term exposure to a diversified portfolio of global infrastructure assets.
The Fund will offer investors access to a large investable universe of attractive infrastructure assets in developed OECD economies with a focus towards Australia. The Fund is targeting A$1.75 billion (US$1.34 billion) of total capital commitments.
QGIF was formally launched earlier this year, driven by investor demand to access QIC’s infrastructure team and its strategy. QGIF will be managed by the same team executing the same investment strategy that has delivered a strong track record over the last nine years across three core sectors – transport, energy utilities and Public Private Partnerships.
QGIF’s first close triggers the commencement of the Fund’s investment period and the ability for the Fund to deploy capital.
QIC is one of the largest institutional investment managers in Australia, with A$73.8 billion
(US$56.9 billion)  in funds under management, offering infrastructure, real estate, private equity, liquid strategies and multi-asset investment services. QIC has over 90 clients including governments, pension plans, sovereign wealth funds and insurers, spanning Australia, Europe, Asia, Middle East and the US. Headquartered in Brisbane, Australia, QIC also has offices in New York, San Francisco, Los Angeles, London, Sydney, and Melbourne. For more information, please visit: www.qic.com.
About QIC’s Global Infrastructure Business:
QIC is a long-term infrastructure investor with an established global platform. We currently manage A$5.9 billion (US$4.6 billion) across 10 global direct investments, spanning transport, utilities and public-private partnership assets and have realized a further A$6.6 billion (US$5.1 billion) of investments for our clients. Our sector-centric investment strategy deconstructs risk across sector value chains, identifies relative value for investment, and drives a targeted origination approach that has enabled us to build diversified portfolios for our clients, protecting their capital while delivering strong total returns since 2006.
About the QIC Global Infrastructure Fund:
The Fund is intended for offer to substantial institutional and professional investors (“Accredited Investors” as defined in Regulation D of the Securities Act or “Qualified Purchasers” for Investment Company Act purposes). The Fund’s investment minimum is $20 million and the investor must understand and capable of bearing the risk of possible loss of that investment. This press release does not constitute an offer or solicitation in any jurisdiction to any person or entity to which it is unlawful to make such offer or solicitation in such jurisdiction.