During the process, Campbell Lutyens utilised its comprehensive toolkit of secondary market solutions to facilitate a growth equity raise, with the team’s structuring advice allowing QIC to secure favourable market terms for the follow-on vehicle.

Despite challenging market conditions, Campbell Lutyens delivered an oversubscribed outcome, building momentum and scarcity value through tailored engagement with investors. The oversubscribed demand was then leveraged proactively to offer partial liquidity to an existing co-investor, demonstrating the value added by Campbell Lutyens’ full structuring capabilities and relationships. 

The process allowed QIC to build new institutional investor relationships, as well as fostering engagement across other QIC products. 

The transaction reinforced Campbell Lutyens’ leadership and expertise in GP-led infrastructure secondaries, bringing together secondary market structuring advice and specialist knowledge in executing energy transactions. It underlined the value of the firm’s deep coverage of the appropriate global energy investor universe, from traditional secondary and institutional investors to HNWIs and family offices.

QIC is one of Australia’s largest infrastructure fund managers managing more than A$131 billion on behalf of clients (as of November 2025). PEG is a platform asset that builds, owns and operates solar, wind, BESS, gas or diesel generation assets in standalone or hybrid energy systems.