The American investor has named a replacement for Jennifer Paquette.
The fund manager is investing through its second social infrastructure vehicle, which reached a final close on $84m last November.
%2080.jpg "QIC global fund hits A$2.35bn hard-cap")
Launched in late 2014, the core vehicle is backed by 20 institutional investors from Australasia, the US and Europe.
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The UK pension fund has made one of the biggest commitments to the fund
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The future shape of the two companies’ infrastructure franchises has yet to be decided after their boards agreed to create the UK’s largest asset manager.
The milestone, secured after 70% of existing investors committed to the new vehicle, comes days after the emerging markets firm established a 1.5GW Chile-based platform.
While the US president has reaffirmed his promise to produce a $1trn infrastructure plan with both private and public capital, the path forward remains unclear.
The downsides of how the US operates its airports compared to its Northern neighbour were up for debate at an infrastructure conference in Montreal.
Europe’s third-busiest airport is planning to build a new pier and terminal which would allow the hub to welcome up to 15m more passengers.
Northland Power’s acquisition of the €1.2bn Deutsche Bucht project gives the company its first full ownership of an offshore wind farm following majority investments in the Gemini and Nordsee One sites.
Korean public pension POBA has committed €40m to the vehicle, which looks to invest in developed markets.
The pair’s first round of capital raising targets ultra-high-net-worth individuals and strategic investors, with expected returns in the high-single digits.
Private investment can address deficiencies in some of the nation’s worst roads but a public funding component remains necessary, a paper from the right-leaning AAF suggests.