CalPERS And QIC Announce US$764 Million (A$1 Billion) Asia-Pacific Infrastructure Partnership

May 20, 2015, 12:54 ET from QIC

NEW YORK, May 20, 2015 /PRNewswire/ -- 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 that it had formed a US$764 million (A$1 billion) Asia-Pacific infrastructure partnership with the California Public Employees' Retirement System ("CalPERS"), one of the largest public pension funds in the United States.

The partnership represents CalPERS' first Asia-Pacific infrastructure commitment and adds another of the world's largest pension funds to QIC's infrastructure client base. Under the terms of the arrangement, QIC will source, create and manage a portfolio of Asia-Pacific infrastructure assets for the partnership. 

Ross Israel, Head of QIC's Global Infrastructure said: "We are very pleased to have entered into this partnership with a pension fund of CalPERS' stature and for an investment mandate of this scale. CalPERS has been at the forefront of investment on many dimensions. This commitment to QIC and the Asia-Pacific infrastructure region is a validation of our infrastructure capabilities and the opportunity set to deploy capital across the core infrastructure sectors of transport, energy/utilities and PPPs.

"This milestone is the culmination of a dialogue over a number of years between QIC and CalPERS to explore a partnership approach to investing in infrastructure.

"This partnership, in combination with the launch earlier this year of the QIC Global Infrastructure Fund ("QGIF") and other separately managed account clients, increases the size, scope and level of control QIC can bring to future infrastructure opportunities for the benefit of all our clients."

"This is a great opportunity to expand our infrastructure portfolio and to enter the Asia-Pacific market," said Paul Mouchakkaa, CalPERS Senior Investment Officer for Real Assets, which includes the Infrastructure program. "QIC has a proven track record of success and is an excellent fit for our program. We look forward to working with them."

About QIC:

QIC is one of the largest institutional investment managers in Australia, with A$72.9 billion (US$55.7 billion)1 in funds under management. QIC has around 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 Sydney, New York, San Francisco, Los Angeles and London. For more information, please visit:

About QIC's Global Infrastructure Business:

QIC is a long-term infrastructure investor with an established global platform. We currently manage over A$5.8 billion (US$4.4 billion)2 across 10 global direct investments spanning transport, energy/utilities and public-private partnership assets and have realised a further US$5.1 billion3 of investments for our clients.  Our infrastructure portfolio has protected clients' capital while delivering strong total returns over its full history.

About CalPERS:

For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 1.7 million members in the CalPERS retirement system and administers benefits for 1.4 million members and their families in our health program. CalPERS' total fund market value currently stands at approximately US$300 billion. For more information, visit


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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. 

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QIC Limited ACN 130 539 123 ("QIC") is a wholesale funds manager and its products and services are not directly available to retail investors.  QIC is a company government owned corporation constituted under the Queensland Investment Corporation Act 1991 (Qld). QIC is regulated by State Government legislation pertaining to government owned corporations in addition to the Corporations Act 2001 (Cth) ("Corporations Act"). QIC does not hold an Australian financial services ("AFS") licence and certain provisions (including the financial product disclosure provisions) of the Corporations Act do not apply to QIC. Please note however that some wholly owned subsidiaries of QIC have been issued with an AFS licence and are required to comply with the Corporations Act.  QIC also has wholly owned subsidiaries authorised, registered or licensed by the UK FCA, USA SEC, Irish Central Bank and Korean FSS.

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As at the date of this document, the Fund has been notified, registered or approved (as the case may be and howsoever described) in accordance with the local law/regulations implementing the Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the "AIFMD") for marketing to professional investors into the following member state(s) of the European Economic AREA ("EEA") (each a "Member State"): Belgium, Finland, Denmark, Germany, Netherlands, Norway, Sweden, The United Kingdom and Ireland. In relation to other member states, this document may only be distributed and Interests may only be offered or placed in a member state: (i) at the investor's own initiative; or (ii) to the extent that this document may otherwise be lawfully distributed and the Interests may lawfully be offered or placed in that member state.

Vittorio Lacagnina is a registered representative with Foreside Fund Services LLC, a broker-dealer that is not affiliated with QIC.

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1 As at 31 March 2015
2 As at 31 March 2015
3 From inception in January 2006 to March 2015