QIC Limited raises A$2.4bn

QIC Limited has raised A$2.4 billion for its QIC Global Infrastructure Fund. The Brisbane-headquartered firm began fundraising in 2014 with an A$1.75 billion target.

Investors that committed to QIC Global Infrastructure Fund include the HOSTPLUS and the Employees Retirement System of Texas.

The fund will target unlisted equity opportunities in a diverse number of sectors globally.