February 4, 2020

Milbank Advises QIC on Generate Capital Infrastructure Investment


Milbank LLP advised QIC Global Infrastructure, a long-term specialist manager in alternatives with over US$58 billion under management, in QIC’s equity investment in Generate Capital, a leading US investment and operating platform for distributed sustainable infrastructure. The investment is part of Generate’s planned capital raise of over US$1 billion for the continued expansion of its platform, which includes growing decentralized and sustainable infrastructure solutions for its network of partners and customers.

Based out of San Francisco, Generate owns, operates and finances sustainable infrastructure that delivers affordable and reliable resource solutions for companies, governments and communities. Generate has established market leadership in many emerging infrastructure asset classes including battery storage, community, commercial and industrial solar, energy efficiency, electric vehicles, fuel cells, wastewater treatment, distributed desalination, and organic waste management.

The Milbank team was led by partner Global Corporate partner John Franchini with support from partners Dean Sattler (Global Corporate) and Henry Scott (Project, Energy and Infrastructure Finance), of counsel Michael Dayen (Project, Energy and Infrastructure Finance), and associates Alex Wang, Bessie Qu and Jonathan Schwartz.

Mr. Franchini said: “We are pleased to have advised QIC on its partnership transaction with Generate to support the growth of sustainable infrastructure in North America. We believe that the combination of QIC’s infrastructure investment experience and Generate’s leading management team will yield great success.”