Generate Capital, a sustainable energy financing company, has raised $2 billion through a second round of direct investments from money managers and asset owners, including Brisbane, Australia-based QIC, according to news releases from both firms.
QIC made the follow-on investment in Generate on behalf of its global funds and clients. Existing investor A$225 billion ($169.4 billion)AustralianSuper, Melbourne, co-led the fundraising alongside QIC.
Generate's current portfolio of roughly $2 billion is invested in sustainable infrastructure assets spanning the energy, waste, water and transportation sectors.
Other investors include Harbert Management Corp.; the A$150 billion ($109.9 billion), Aware Super, Sydney; 386.2 billion Swedish kroner ($44.4 billion) AP2, Gothenburg, Sweden; £32 billion ($43.6 billion) Railways Pension Scheme, London; and £32.6 billion ($44.4 billion) The Wellcome Trust, London, and CBRE Caledon, according to the Generate Capital news release.