Barings and QIC Lead A$370M Equity Raise for Pacific Energy Group
July 22, 2025
Barings and Queensland Investment Corporation (QIC) co-led an A$370 million equity raise for Pacific Energy Group (PEG), Australia's largest remote energy platform. The growth capital will fund PEG’s long-term investment plans, refinance the business, and support delivery of its renewable and hybrid energy project pipeline across Western Australia and the east coast. Campbell Lutyens acted as placement agent for the raising.
- Buyers
- Barings, Queensland Investment Corporation (QIC)
- Targets
- Pacific Energy Group
- Industry
- Renewable Energy
- Location
- Western Australia, Australia
- Transaction Type
- Growth capital
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