King & Wood Mallesons has acted as lead counsel to QIC Global Infrastructure on establishing a fund financing facility to provide liquidity and flexibility for QIC’s Global Infrastructure Fund.

The King & Wood Mallesons team was led by Partner Richard Hayes and Senior Associate Alastair Gourlay. Richard and Alastair were assisted by their derivatives colleagues, Partner, Scott Farrell and Senior Associate, Claire Warren. Partner, Scott Heezen and Senior Associate Joseph Power assisted on the tax elements, as well as teams in KWM’s London and Luxembourg offices.

“We are very pleased to have had this opportunity to assist QIC Global Infrastructure and this facility will enable it to achieve its strategic objectives.

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. From a lenders 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,” said Richard Hayes.