QIC through its QIC Global Infrastructure Fund has secured initial capital commitments totalling US$528 million from four institutional investors.

QIC is 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.

CEO Damien Frawley stated:

"We're pleased that major institutional investors, including an Asian sovereign wealth fund and a major Australian pension scheme, have committed to our new global infrastructure fund. This is an exciting time for investment opportunities and further growth in the infrastructure sector in key markets around the world, including in the US and Europe. We believe QIC's infrastructure pedigree is second to none, and we're delighted to be able to make available to more institutional investors the successful global infrastructure strategy that we have had in place for separately managed account clients since 2006."

QIC also announced that Paul Costello, a highly respected investment industry leader, has been appointed as the independent chairman of the QIC Global Infrastructure Investment Committee. Mr. Costello was the inaugural CEO of Australia's Future Fund and the first CEO of the New Zealand Superannuation Fund.

Mr. Costello started in his role at QIC in late 2014. In addition to Mr. Costello, the Committee will comprise members of QIC's Global Infrastructure team, including founders Ross Israel and Matina Papathanasiou, and two partners on a rotating basis, as well as Peter Forbes, a highly experienced independent expert.

QIC is one of the largest institutional investment managers in Australia, with US$57.9 billion in funds under management. 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 and London.