The California Public Employees’ Retirement System (CalPERS) announced a A$1 billion Asia-Pacific infrastructure partnership with Australia-based QIC, one of Australia’s largest institutional investment managers.
The partnership will operate through a vehicle created specifically for this investment arrangement, and will look to invest in high-quality infrastructure assets across sectors, including water, power, transportation, and energy. The partnership represents CalPERS’ first Asia-Pacific infrastructure commitment and the continued expansion of its Infrastructure program.
“This is a great opportunity to expand our infrastructure portfolio and to enter the Asia-Pacific market,” says Paul Mouchakkaa, CalPERS senior investment officer for real assets. “QIC has a proven track record of success and is an excellent fit for our program. We look forward to working with them.”
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Under the terms of the arrangement QIC will source, structure, and manage the portfolio of assets.
CalPERS currently has $2.1 billion in assets in its Infrastructure program.
QIC is one of the largest institutional investment managers in Australia, with approximately A$72.9 billion in funds under management.
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