Big Law

Firms act on $1.75bn finance deal

Two firms have advised on QIC's $1.75 billion fund financing platform.

November 03, 2015 • By Felicity Nelson

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Firm: King & Wood Mallesons (QIC); Herbert Smith Freehills (lenders)

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Deal: QIC established a $1.75 billion fund financing platform.

Value: $1.75 billion

Area: Corporate Finance

Key players: The King & Wood Mallesons team was led by partner Richard Hayes and senior associate Alastair Gourlay. Partners Scott Farrell and Scott Heezen and senior associates Claire Warren and Joseph Power assisted.

Deal significance: The funding and financing facility will provide liquidity and flexibility for QIC’s Global Infrastructure Fund, according to KWM.

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"Fund financing is becoming increasingly popular in Australian due to the flexibility they provide funds, in terms of liquidity and bridging capital calls made to investors," said Mr Hayes.

"From a lender's perspective, the creditworthiness of the institutions providing capital commitments to the funds which support the financing, enable these facilities to be provided at very competitive pricing."

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