POWERED BY MOMENTUM MEDIA
QIC takes stake in resources firm
QIC's global private equity team has announced it has acquired a minority stake in Queensland-based Ostwald Construction Materials (OCM), the quarry and concrete solutions arm of Ostwald Bros.
Principal at QIC Phillip Cummins said the deal demonstrated QIC was seeing good investment opportunities in Australia's private equity market.
"An equity stake in OCM provides QIC with an investment that we expect to deliver value and benefit over the next two decades in the coal seam gas industry," he said.
"By taking active equity positions in private companies with exceptional founders and experienced management teams such as OCM, we provide capital knowing it can be leveraged to take advantage of growth opportunities to develop the business."
Ostwald Bros' chief executive officer Brendan Ostwald said the privately owned resource services contractor would now have equity to make use of growth opportunities.
"Much of our work revolves around the Surat Basin so we anticipate this deal will have a direct impact on jobs and opportunities for regional Queensland, and associated national flow-on benefits," Ostwald said.
Cummins said Queensland and Australian companies provided good opportunities in private equity not available in public markets.
"We anticipate dynamic opportunities for investing offshore and cross-border capital directly into attractive investments in Australia, with a key focus on facilitating their growth and development," he said.
Recommended for you
BlackRock has reduced its exposure to Australian and European equities in favour of emerging markets.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
