Australia’s QIC in $735m first close on global infrastructure fund
QIC, an investment manager controlled by the Queensland government, has reached a first close of more than A$1 billion ($735 million) on its global infrastructure fund. The overall target is A$1.75 billion.
This follows an announcement from QIC in February that it had secured initial commitments of $528 million for the vehicle from four investors, including an Asian sovereign wealth fund and a major Australian...
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