Melbourne, Australia–based infrastructure debt fund Westbourne Capital announced that it has completed an initial fundraising of A$1.029 billion ($1.1 billion) from institutions to invest in global infrastructure debt. Investors include the Future Fund, Mercer Investments, Qantas Superannuation Plan and Sunsuper, according to a Westbourne statement.

The fund invests in both senior and subordinated debt in the transport, utilities and telecommunications infrastructure sectors in Australia and other OECD countries. The d