Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.
The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
QIC bullish on global infrastructure
(Pictured: Vittorio Lacagnina)
QIC has underscored its belief in the growth of global infrastructure investing with the recruitment of Vittorio Lacagnina to head up capital formation for North America and Europe from the firm’s new New York office.
Lacagnina was hired from SteelRiver Infrastructure Partners where he was an investment director responsible for global fund raising and co-investment. Previously, he was a senior originator at Babcock & Brown where he led infrastructure co-investment in North America before becoming involved in a management buyout that led to the formation of SteelRiver.
Brian Delaney, QIC’s head of global clients and marketing said institutional investors were expressing growing interest in global infrastructure.
“Vittorio’s appointment reflects our upbeat outlook for infrastructure investing. An increasing number of governments around the world are encouraging private sector infrastructure investment and Australia is poised for an estimated $135 billion wave of energy and transport infrastructure privatisations over the next three to five years.”
QIC, which manages about $70 billion overall, currently oversees $5.1 billion in 11 infrastructure direct investments. It has realized a further $6.6 billion of infrastructure investments.
