QIC has reached financial close on a NZ$76.3m (~A$71.2m) real estate debt deal, facilitating a crucial pathway to addressing New Zealand’s shortage of warehousing and logistics real estate and funding for a strategic land subdivision project.
The prime ~30ha light-industry zoned property is expected to become a critical piece of community infrastructure to support New Zealand’s growing Auckland International Airport region.
QIC Multi-Sector Private Debt is providing 50% of the funding, as one of a small group of lenders for the total NZ$76.3m facility.
This strategic lending move aims to align with the market demands and positions the borrower for success in the dynamic New Zealand real estate landscape.
QIC Private Debt now has over US$1bn of assets under management (AUM) and committed capital, split across Multi-Sector Private Debt (~US$600m) and Private Debt Infrastructure (~US$400m) offerings.
The QIC Private Debt team has closed nine deals to date, across Australia (3), United States (2), United Kingdom (1), Europe (2) and New Zealand (1).
These nine deals are diverse in nature, spanning the sectors of consumer discretionary, healthcare, education, real estate, energy (renewables), transport and logistics (cold storage), alternative fuelling and digital infrastructure.
QIC’s newly commenced Head of Private Debt, Simon La Greca, said he is pleased to be joining an already successful team.
“The team have done an outstanding job since the launch of QIC’s Private Debt capability,” Mr La Greca said, “and I’m looking forward to working closely with them to further build on this momentum.”
“Their demonstrated ability to close such unique deals, diversified across a variety of sectors in the current market conditions, is a testament to their determination, skills and deep relationship networks.”
Mr La Greca, a highly respected investor with strong industry relationships, brings a wealth of experience to the role. Previously, he served as Partner and Head of Infrastructure Debt Asia at Ares Management and was a founding member of the AMP Capital Infrastructure Debt team.
“This role provides a compelling opportunity to work with a dynamic team focused on providing investors with private debt offerings to suit investor needs and deliver value for clients.”
“QIC’s complementary offerings of Infrastructure and Multi-Sector are areas that debt investors could consider when looking to diversify their portfolios.”
“QIC’s broad investment offerings allows us to leverage the capabilities of other teams, which will be key to growing the private debt business and balancing investors’ portfolios.”
QIC Private Debt offers institutional investors with exposure to diversified debt investments across infrastructure (within the OECD) and corporate, asset-backed securities and real estate (in Australia and New Zealand) sectors.
For further information, please contact:
For QIC
Kate Macfarlane
Further information
QIC is a trusted investment manager and adviser providing risk adjusted returns for the clients we serve. With more than A$103 billion (as at 30 September 2023) in funds under management, we have grown into a leading specialist manager in infrastructure, real estate, private debt, private capital, natural capital and liquid assets for c.125 institutional investors internationally.
Our presence spans four continents with assets across global markets and offices in Brisbane, Sydney, Melbourne, London, San Francisco, New York and Singapore. Our government ownership, global reach, deep sector expertise and market insights equip us to seize opportunities and navigate uncertainty, striving to deliver resilient investment returns.
We create shared value — where our aim to deliver strong investment returns can go hand in hand with creating prosperity for our clients, people and communities. We do this through responsible investing — considering all options and harnessing the power of market forces and megatrends that shape the world we invest in.
QIC Limited ACN 130 539 123 (“QIC”) is a wholesale funds manager and its products and services are not directly available to, and this document may not be provided to any, retail clients. QIC is a company government owned corporation constituted under the Queensland Investment Corporation Act 1991 (QLD). QIC is also 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. Other wholly owned subsidiaries of QIC do hold AFS licences and are required to comply with relevant provisions of the Corporations Act. QIC also has wholly owned subsidiaries authorised, registered or licensed by the United Kingdom Financial Conduct Authority (“FCA”), the United States Securities and Exchange Commission (“SEC”) and the Korean Financial Services Commission. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.
For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.
The statements and any opinions in this document (the “Information”) are of a general nature and for commentary purposes only and do not take into account any investor’s personal, financial or tax objectives, situation or needs. The Information is not intended to constitute and should not be relied on as personal legal or investment advice and it does not constitute, and should not be construed as, an offer to sell or solicitation of an offer to buy, securities or any other investment, investment management or advisory services.