Institutional investment group QIC announced a $1 billion Asia-Pacific infrastructure partnership with the US' largest public pension fund, the California Public Employees' Retirement System (CalPERS).
For its first venture into the Asia-Pacific market, CalPERS has appointed QIC to source, create, and manage a portfolio of Asia-Pacific infrastructure assets under the partnership.
Head of QIC Global Infrastructure, Ross Israel, said the partnership was a result of negotiations over many years between QIC and CalPERS to reach a deal.
"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," Israel said.
QIC manages over $5.8 billion across 10 global direct investments including transport and public-private partnership assets.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
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