Ross Israel - Stable, Predictable Cash Flows (EP.53)

<p>Ross Israel is the Head of Global Infrastructure Investments for QIC, Queensland, Australia’s 82B AUZ ($62B USD) investment fund. The Queensland government formed QIC in 1991 to oversee its Superannuation Fund, and the business has since evolved into a Global Diversified Alternative Asset Manager. Ross joined QIC in 2006 to create the Global Infrastructure effort and also serves as a member of QIC’s Executive Committee.  He has a quarter century’s worth of experience in corporate finance and infrastructure funds management. </p> <p>Our conversation covers QIC’s structure, examples of long duration assets in ports and waterways, crossing knowledge between private and public markets, managing external assets alongside a substantial internal pool, governance structure, compensation and incentives, navigating stakeholders, and opportunities and risks in the space.</p> <p>The subtle differences in constituents and objectives of sovereign wealth funds from other institutional pools come out in the implementation of QIC’s investing. It’s a topic we’ll continue to explore on future shows. </p> <p><strong>Learn More</strong></p> <p>Join Ted's mailing list at <a href= "http://capitalallocatorspodcast.com">CapitalAllocatorsPodcast.com</a></p> <p>Write a review on <a href= "https://itunes.apple.com/us/podcast/capital-allocators-with-ted-seides/id1223764016">iTunes</a></p> <p>Follow Ted on twitter at <a href= "http://www.twitter.com/tseides">@tseides</a></p> <p>For more episodes go to <a href= "http://capitalallocatorspodcast.com/podcast">CapitalAllocatorsPodcast.com/Podcast</a></p> <p> </p> <p><strong>Show Notes</strong></p> <p>3:10 – A look at Ross’s background</p> <p>5:58 – QIC and how is it structured</p> <p>7:32 – Portfolio composition when Ross arrived</p> <p>9:08 – What was his strategy for putting money to work</p> <p>10:03 – What was the thinking behind such a concentrated portfolio</p> <p>11:28 – Port of Brisbane</p> <p>15:38 – Local vs. global focus</p> <p>16:58 – Most challenging deal he’s done</p> <p>18:28 – L