Barings has announced it co-led a A$370 million equity raise alongside Queensland Investment Corporation (QIC) to support the continued growth of Pacific Energy Group (PEG), Australia’s largest remote energy platform. The equity raise provides PEG with the financial capacity to execute its long-term capital investment program.

“We are pleased to partner with QIC to support Pacific Energy Group in this important phase of its growth,” said Mina Pacheco Nazemi, Head of Barings Diversified Alternative Equity. “PEG is a proven leader in Australia’s remote energy sector and exemplifies the type of high-quality, resilient infrastructure asset we seek to invest in—well-positioned to deliver long-term value in today’s market, which can help investors inflation-proof their portfolios.”

Read full press release here.