The Queensland-based asset manager, Queensland Investment Corporation (QIC) has sought to raise US$1 billion for its second infrastructure debt fund, which is a 10-year closed-end vehicle with an option for two one-year extensions.
The QIC Infrastructure Debt Fund II (QIFDII) targets a gross Internal Rate of Return (IRR) of at least 10% and a net IRR of 8.5%. The fund will extend loans to assets in four key sectors: energy, digital infrastructure, transport and logistics, and regulated assets. It plans to issue approximately 10-15 loans, predominantly subordinated loans, with a smaller portion being unitranche loans. QIC oversees more than US$1 billion in private debt assets under management and committed capital, including US$600 million in multi-sector private debt and over US$400 million in infrastructure debt. Notable recent transactions include loans to Porter Aviation Holdings and CityFibre.
The NSW Government has selected CPB Contractors to deliver the design, early works and delivery phases for the redevelopment of the Royal Prince Alfred (RPA) Hospital at Camperdown in Sydney, Australia.
Read moreWestern Melbourne Group (WMG) has agreed to partnerships with YourLand Developments and Johnson Controls for the development of a stadium and mixed-use sports and recreation project in Australia.
Read moreThe Public Transport Association of Canberra (PTCBR) has signed contracts to build and operate the Light Rail Stage 2A Project in Australia.
Read morePlenary Group has completed an AUD180 million (USD115 Million) refinancing of the Queensland Schools project in Australia.
Read moreThe NSW Government has selected CPB Contractors, the construction company of the CIMIC Group to deliver the main works construction on the Nepean Hospital Redevelopment Stage 2 project in Australia.
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