Queensland Investment Corporation has thrown its weight behind a climate-focused investment venture capital fund, marking its first-ever Australian venture capital investment outside its development fund.
Street Talk can reveal QIC has joined cornerstone investors Westpac and Clean Energy Finance Corporation in backing Virescent Venture’s second climate technology fund. QIC investment director Lottie Bryon led the investment.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com