QIC’s Global Infrastructure Fund (“QGIF”) has entered into an agreement to acquire 100% of Sea Swift, a privately-owned, integrated marine transport and logistics provider headquartered in Cairns, Australia. QGIF is comprised of domestic and global superannuation, pension, insurance and sovereign wealth investors.
Sea Swift is the leading provider of general cargo and charter freight services to remote communities in Far North Queensland and the Northern Territory, delivering essential cargo such as food, fuel, household, medical and educational supplies and building products.
This asset joins a high quality portfolio including the Port of Melbourne, the Powering Australian Renewables Fund, Lochard Energy (which owns and operates the Iona Gas Plant), Boston-based MasParc and most recently Brussels Airport².
Financial close on the transaction is expected to be reached over the next few months.
ABOUT QIC1
QIC is a leading long-term specialist manager in alternatives offering infrastructure, real estate, private capital, liquid strategies and multi-asset investments. It is one of the largest institutional investment managers in Australia, with A$80 billion (US$56 billion) in funds under management1. QIC has over 1,000 employees and serves more than 110 clients. Headquartered in Brisbane, Australia, QIC also has offices in Sydney, Melbourne, New York, Los Angeles, Cleveland, San Francisco, London and Copenhagen. For more information, please visit: www.qic.com.
ABOUT QIC GLOBAL INFRASTRUCTURE1
QIC is a long-term infrastructure investor with an established global platform, an active management approach and a proven, 12-year track record. With a global team of over 40 professionals, QIC Global Infrastructure manages A$12.3 billion across 142 global direct investments and has realised a further A$7.2 billion of investments for its clients. Its sector centric investment strategy deconstructs risk across sector value chains identifying relative value for investment. This drives a targeted origination approach, enabling the firm to build diversified portfolios for its clients.
1As at 30 June 2019.
2 Includes QIC’s investment in Brussels Airport which is expected to reach financial close in Q3 2019.
Media Contact:
Jasmin Chen
Spokesperson, QIC (Asia Pacific)
Consultant, BlueChip Communication
T: +61 2 9018 8611/ +61 455 927 664
E: jasmie@bluechipcommunication.com.au
Caroline Gentile
Spokesperson, QIC (U.S.)
CNG Consulting LLC
T: +917 692-5730
E: caroline@carolinegentile.com