QIC
Australia's PE-backed PARF acquires domestic wind farm
Coopers Gap Wind Farm, a power facility under construction in Australia, has been acquired by the Powering Australian Renewables Fund (PARF), a renewable energy-focused vehicle backed by QIC and Australia’s Future Fund.
Deal focus: Quadrant cashes in on Icon’s growth potential
Quadrant Private Equity agrees a $746 million exit from Icon Group, with new owners QIC, Goldman Sachs and Pagoda Investment keen to continue the cancer specialist's expansion in Asia
Sino-Australian consortium to buy Icon Group from Quadrant
QIC, Goldman Sachs and Pagoda Investment – a China-focused private equity firm set up by a former QIC executive – have agreed to buy Icon Group, an Australian oncology services provider, from Quadrant Private Equity.
Australia's QIC closes global infrastructure fund at $1.8b
QIC, an investment manager controlled by the Queensland state government, has closed its global infrastructure fund at the hard cap of A$2.3 billion ($1.8 billion), beating the A$1.7 billion target.
Australia's QIC announces partnership with Ping An
Australia’s QIC has reached an agreement with Ping An Asset Management (PAAMC), the asset management arm of Ping An Insurance, which will allow the Chinese group to tap into QIC’s experience in alternatives.
Large cap Asian LPs continue to prioritize co-investment - AVCJ Forum
Malaysia’s Employees’ Provident Fund (EPF) and Australia-based QIC differ markedly in terms of the maturity of their PE programs, but there is a common interest in establishing close ties to a limited number of GPs and pursuing co-investment.
PE-led consortium pays $7.3b for Port of Melbourne lease
A consortium including QIC, Future Fund and Global Infrastructure Partners (GIP) has paid A$9.7 billion ($7.3 billion) for a 50-year lease at the Port of Melbourne, Australia’s largest container and cargo facility.
LP interview: QIC
Australia-based QIC is one of a handful of LPs able to co-underwrite investments alongside GPs. While there have been a few domestic solo deals, the group still sees itself more as partner than rival
QIC, Future Fund support AGL's Australia renewables fund
The QIC Global Infrastructure Fund and Future Fund have committed A$800 million ($598 million) to the Powering Australian Renewables Fund (PARF), a vehicle launched by domestic electricity provider AGL Energy to bankroll large-scale renewable energy projects.
Australian agriculture: Investor stampede
Australia’s politically charged beef industry has attracted a wave of new investment, much of it driven by overseas buyers. As this interest elevates valuations and emotions, PE firms must capture value with care
Deal focus: QIC plots Asia beef supply chain
Leveraging its networks within Australia and across emerging Asia, QIC wants North Australian Pastoral Company to serve as the first link in a chain that takes fresh beef to where demand for it is strongest
QIC to buy Australia cattle station business for $295m
QIC has agreed to buy an 80% stake in cattle station operator North Australian Pastoral Company (NAP) in a deal worth around A$400 million ($295 million). It wants to leverage rising demand for beef in Asia, particularly from emerging markets.
Direct investment: Embracing the unorthodox
The effect of direct investment and co-investment by LPs is more profound than often realized, and has consequences for the future of fundraising
Australian LPs consider diversified approaches to PE - AVCJ Forum
Australian LPs are increasingly interested in non-traditional structures in private equity as they find that fund investment programs no longer offer the flexibility, fee burden and scale of deployment to meet their needs.
Australia infrastructure: Size matters
Infrastructure privatizations in Australia are commanding ever higher price tags by virtue of their perceived quality and relative rarity. It is increasingly difficult for smaller investors to compete
LPs adapt to growing sophistication - AVCJ Forum
As the Asian private equity industry continues to grow, LPs told the AVCJ Forum that they are encouraged by its similarity to the development of other markets.
QIC leads $1.3b purchase of Australian gas storage facility
QIC Global Infrastructure Fund has led a consortium to purchase the Iona Gas Storage Facility in Australia for A$1.78 billion ($1.3 billion).
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.
Institutional investors: Join the club
Tales of large pension funds and sovereign wealth funds gathering in five-star hotels to map out their ultimate dominance of private equity are legion, if perhaps overblown.
CalPERS, QIC agree $764m Asia infrastructure partnership
Australia-based QIC has teamed up with California Public Employees' Retirement System (CalPERS) to create a A$1 billion ($764 million) Asia-Pacific focused infrastructure partnership.
Australia mid-market: Squeezed middle
Several Australian superannuation funds are eschewing commitments to smaller domestic GPs because they have to deploy a larger quantum of capital. If more follow suit, what does it mean for the middle market?
Australia's QIC raises an initial $528m for global infrastructure fund
QIC, an investment manager controlled by the Queensland government, has secured initial commitments of $528 million from four institutional investors for a global infrastructure fund.
Australian infrastructure: Greenfield gambit
Sydney's cross city tunnel entered voluntary administration in September 2013 after failing to refinance its debt. The project launched eight years earlier but slipped into insolvency in 2006 due to low traffic volumes.
CPPIB, QIC back $2.3b Sydney infrastructure project
Canada Pension Plan Investment Board (CPPIB) and Queensland Investment Corporation (QIC) are part of a consortium alongside toll road operator Transurban Group that is backing Sydney’s A$2.9 billion ($2.3 billion) NorthConnex tunnel project.