The NSW Treasury Corporation (T-Corp) is the equivalent of Queensland’s QIC and Victoria’s VFMC in New South Wales, Australia’s most populous state. Just like its two fellow funds, it manages capital for an array of clients including two Sovereign Wealth Fund (NSW Generations Fund, NSW Infrastructure Future Fund), a Public Pension Fund (State Super) and a number of smaller insurance funds. They have also attracted a number of foreign investors given the Sustainability Bond Program (NSW-issued debt).