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Queensland Investment Corporation

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Namestring
Queensland Investment Corporation
Legal namestring
Queensland Investment Corporation
Websiteurl
qic.com.au
Company typeenum
Private
Founded yearint
1991
Descriptiontext

Queensland Investment Corporation (QIC) is a statutory, government-owned investment corporation established in 1991 and wholly owned by the Queensland Government, headquartered in Brisbane, Australia. QIC manages over $135 billion in assets under management on behalf of the state, operating as the state's principal sovereign wealth and institutional investment vehicle. Its mandate spans direct and co-investments across energy, critical minerals, infrastructure, aerospace, agriculture, and transport, with notable positions including a consortium-led stake in Tilt Renewables, holdings in Virgin Australia, and a portfolio of Australian space and hypersonic defense companies such as Gilmour Space Technologies and Hypersonix Launch Systems.

QIC's business model centers on long-horizon capital allocation rather than fee-for-service product sales; revenue is derived from asset management fees and performance returns on managed pools rather than disclosed commercial pricing. Distribution occurs through institutional co-investment with peers such as the Future Fund, La Caisse, the National Reconstruction Fund Corporation, and Wollemi Capital, and through dedicated state-backed funds including the AU$200 million North West Energy Fund and the Sovereign Industry Development Fund. The corporation has 501–1000 employees and is operationally active across Australia, North America, and select Asia-Pacific markets.

The company's strategic posture in 2025–2026 reflects an explicit pivot toward sovereign industrial capability — defense, critical minerals, domestic energy security, and space — funded by new thematic state mandates and reinforced by recent board appointments including former federal opposition leader Peter Dutton. Divestment of non-core offshore real estate (Victoria Gardens, $530M) alongside aggressive new investment activity indicates active capital recycling into Queensland-aligned strategic priorities.

Short descriptiontext

Queensland Investment Corporation (QIC) is a statutory Queensland Government-owned investment corporation that manages over $135 billion in sovereign and institutional assets across energy, critical minerals, infrastructure, defense, and aerospace for the state.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersBrisbane, Australia
HQ citystring
Brisbane
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
sovereign wealth management, institutional asset management, infrastructure investment, alternative investments, government investment funds
Industry4 codes
1Core Infrastructure Funds (Transport, Social, Digital, Utilities)
CodeFSANAEAAPrimaryYes
2Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS)
CodeFSANAEADPrimaryNo
3Security & Defense / GovTech Growth Equity
CodeFSANACANPrimaryNo
4Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure)
CodeFSAAALAGPrimaryNo
NAICS code3 codes
  • Portfolio Management and Investment Advice523940
  • Other Investment Pools and Funds5259
  • Other Financial Investment Activities5239
SIC code1 code
  • Investment Advice6282
Product category
Sovereign Wealth & Institutional Asset Management
Social media profiles1 record
Cost components5 values
Personnel, Operations, Technology or R&D, Infrastructure, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Queensland Investment Corporation (QIC) is a statutory, government-owned investment corporation that manages over $135 billion in assets under management on behalf of the Queensland Government. It invests across multiple sectors including energy, critical minerals, defense, infrastructure, agriculture, aerospace, and space technology, deploying capital through direct investments, co-investments with institutional partners, and dedicated state-backed funds such as the North West Energy Fund and the Sovereign Industry Development Fund.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Queensland Investment Corporation (QIC) is a sovereign wealth fund and investment manager, not a technology product company. It manages a diverse portfolio of investments across multiple sectors including energy (InCharge Energy, Tilt Renewables, North West Energy Fund), critical minerals (Iltani Resources/indium, Austral Resources/copper), agriculture (Kalfresh bioenergy facility), aerospace (Hypersonix Launch Systems, Gilmour Space Technologies), space technology, infrastructure (Victoria Gardens retail center), and transportation (Virgin Australia). These represent equity investments and portfolio holdings, not products or services offered by QIC to external customers. QIC's core business is capital investment and asset management rather than technology product development or sales.

Product and service3 records
1North West Energy Fund
CategoryState-Backed Investment Fund
2Sovereign Industry Development Fund
CategoryState-Backed Investment Fund
3Institutional Asset Management Services
CategoryInvestment Management
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Market position
Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment26 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Queensland Investment Corporation

Sovereign Wealth & Institutional Asset Managementqic.com.au

Queensland Investment Corporation (QIC) is a statutory Queensland Government-owned investment corporation that manages over $135 billion in sovereign and institutional assets across energy, critical minerals, infrastructure, defense, and aerospace for the state.

What Queensland Investment Corporation does

Queensland Investment Corporation (QIC) is a statutory, government-owned investment corporation established in 1991 and wholly owned by the Queensland Government, headquartered in Brisbane, Australia. QIC manages over $135 billion in assets under management on behalf of the state, operating as the state's principal sovereign wealth and institutional investment vehicle. Its mandate spans direct and co-investments across energy, critical minerals, infrastructure, aerospace, agriculture, and transport, with notable positions including a consortium-led stake in Tilt Renewables, holdings in Virgin Australia, and a portfolio of Australian space and hypersonic defense companies such as Gilmour Space Technologies and Hypersonix Launch Systems.

QIC's business model centers on long-horizon capital allocation rather than fee-for-service product sales; revenue is derived from asset management fees and performance returns on managed pools rather than disclosed commercial pricing. Distribution occurs through institutional co-investment with peers such as the Future Fund, La Caisse, the National Reconstruction Fund Corporation, and Wollemi Capital, and through dedicated state-backed funds including the AU$200 million North West Energy Fund and the Sovereign Industry Development Fund. The corporation has 501–1000 employees and is operationally active across Australia, North America, and select Asia-Pacific markets.

The company's strategic posture in 2025–2026 reflects an explicit pivot toward sovereign industrial capability — defense, critical minerals, domestic energy security, and space — funded by new thematic state mandates and reinforced by recent board appointments including former federal opposition leader Peter Dutton. Divestment of non-core offshore real estate (Victoria Gardens, $530M) alongside aggressive new investment activity indicates active capital recycling into Queensland-aligned strategic priorities.

Queensland Investment Corporation firmographics

Firmographics
Name
Queensland Investment Corporation
Legal name
Queensland Investment Corporation
Website
https://qic.com.au
Company type
Private
Founded year
1991
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Queensland Investment Corporation (QIC) is a statutory Queensland Government-owned investment corporation that manages over $135 billion in sovereign and institutional assets across energy, critical minerals, infrastructure, defense, and aerospace for the state.
Ownership category
akta.pro rank

Queensland Investment Corporation industry classification

Industry
Product category
Sovereign Wealth & Institutional Asset Management
NAICS
Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)
SIC
Investment Advice (6282)
akta.pro primary industry
Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA)
akta.pro secondary industries
Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD), Security & Defense / GovTech Growth Equity (FSANACAN), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

  • Sovereign wealth management
  • Institutional asset management
  • Infrastructure investment
  • Alternative investments
  • Government investment funds

Where Queensland Investment Corporation is headquartered

Location

Headquarters

HQ city
Brisbane
HQ country
Australia
HQ region
Oceania

Offices1 record

Markets served

Queensland Investment Corporation business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Infrastructure, Others

Queensland Investment Corporation product offering

Product offering

Core offering

Queensland Investment Corporation (QIC) is a statutory, government-owned investment corporation that manages over $135 billion in assets under management on behalf of the Queensland Government. It invests across multiple sectors including energy, critical minerals, defense, infrastructure, agriculture, aerospace, and space technology, deploying capital through direct investments, co-investments with institutional partners, and dedicated state-backed funds such as the North West Energy Fund and the Sovereign Industry Development Fund.

Product overview

Queensland Investment Corporation (QIC) is a sovereign wealth fund and investment manager, not a technology product company. It manages a diverse portfolio of investments across multiple sectors including energy (InCharge Energy, Tilt Renewables, North West Energy Fund), critical minerals (Iltani Resources/indium, Austral Resources/copper), agriculture (Kalfresh bioenergy facility), aerospace (Hypersonix Launch Systems, Gilmour Space Technologies), space technology, infrastructure (Victoria Gardens retail center), and transportation (Virgin Australia). These represent equity investments and portfolio holdings, not products or services offered by QIC to external customers. QIC's core business is capital investment and asset management rather than technology product development or sales.

Differentiator

Problem solved

Functional benefit

Products and services

  • North West Energy Fund
  • Sovereign Industry Development Fund
  • Institutional Asset Management Services

Companies that use Queensland Investment Corporation

Customer profile

Segments1 record

Ideal customer profiles2 records

Queensland Investment Corporation technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Queensland Investment Corporation partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves7 records

Expansion highlights6 records

Queensland Investment Corporation competitors and assessment

Company assessment

Market position

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Queensland Investment Corporation social profiles

Digital presence

Queensland Investment Corporation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Queensland Investment Corporation leadership team

Management profile

Number of profiles

Profiles3 records

Queensland Investment Corporation funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Queensland Investment Corporation M&A and investment

M&A and investment

M&A3 records

Investments26 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Queensland Investment Corporation

What does Queensland Investment Corporation do?

Queensland Investment Corporation (QIC) is a statutory, government-owned investment corporation that manages over $135 billion in assets under management on behalf of the Queensland Government. It invests across multiple sectors including energy, critical minerals, defense, infrastructure, agriculture, aerospace, and space technology, deploying capital through direct investments, co-investments with institutional partners, and dedicated state-backed funds such as the North West Energy Fund and the Sovereign Industry Development Fund.

Is Queensland Investment Corporation a public or private company?

Queensland Investment Corporation is a private company. It is classified as state government owned and is currently operating.

When was Queensland Investment Corporation founded?

Queensland Investment Corporation was founded in 1991. It employs 501 to 1,000 people.

Where is Queensland Investment Corporation based?

Queensland Investment Corporation is headquartered in Brisbane, Australia, in the Oceania region.

Does Queensland Investment Corporation have an API?

No public API is recorded for Queensland Investment Corporation.

What industry is Queensland Investment Corporation in?

Queensland Investment Corporation's product category is Sovereign Wealth & Institutional Asset Management. Its primary akta.pro industry code is FSANAEAA, Core Infrastructure Funds (Transport, Social, Digital, Utilities), with a secondary code of FSANAEAD, Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS). Its NAICS code is 523940 and its SIC code is 6282.

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Live signals
Mirage NewsMaking It Easier Than Ever To Invest In QueenslandQueensland's Crisafulli Government released its first investor guide, Gateway to Investment, outlining the State's regions, industries and government initiatives for domestic and international investors. The guide covers infrastructure, energy, resources, manufacturing, agriculture, defence and biomedical innovation, and cites Queensland Investment Corporation, Queensland Treasury Corporation and Trade and Investment Queensland. Officials said it aims to restore investor confidence and unlock growth.Mirage NewsTech Boosts for Queensland Cattle, Dairy ProducersQueensland-based agricultural biotechnology company Nbryo has received a $2 million investment from the Queensland Government's Sowing the Seeds of Farming Innovation Fund. The funding, managed by the Queensland Investment Corporation (QIC), will accelerate Nbryo's technology to reduce cattle breeding time from seven years to seven days, aiming to improve productivity for beef and dairy producers.GeomechanicsAustral’s $15m Rocklands expansion: throughput, tailings and power notes for engineersAustral Resources secured a $15 million non-dilutive royalty investment from the Queensland Investment Corporation to expand its Rocklands copper processing facility in north-west Queensland. The funding aims to increase throughput from 3Mtpa to between 4.5Mtpa and 6Mtpa, supporting plant upgrades to restart operations and lift copper output. This expansion is part of Austral's strategic pivot to control more of its own feed and downstream value in the region.Mirage NewsBoost for North West QLD: Copper Processing ExpandsThe Queensland Crisafulli Government is investing $15 million through the Queensland Investment Corporation's Queensland Critical Minerals Fund to expand processing capacity at Austral Resources' Rocklands copper plant near Cloncurry. The expansion will increase annual processing capacity from 3 million to approximately 4.5 million tonnes, strengthening one of North West Queensland's most significant copper processing facilities. The investment aims to unlock future mining projects across the North West Minerals Province and create new opportunities for both Austral Resources and third-party producers.Energy-Storage.NewsAustralia’s Queensland reportedly shelves 20GWh PHES project - Energy-Storage.NewsThe Queensland government has reportedly shelved the proposed AU$6 billion Mt Rawdon pumped hydro project (2GW/20GWh), ending state support for a scheme to repurpose an abandoned gold mine into a hydro energy storage facility. The decision followed a review by Queensland Investment Corporation that assessed four competing pumped hydro proposals, with the government choosing to proceed instead with the significantly more expensive Borumba project. The shelving has raised questions about the basis for the decision, as Mt Rawdon's estimated cost of AU$6 billion was roughly one-third of Borumba's AU$18.4 billion price tag.Energy-Storage.News‘Battery storage may be important' QIC on Queensland’s new fund - Energy-Storage.NewsQueensland Investment Corporation (QIC) Infrastructure, as investment manager of a AU$200 million North West Energy Fund, is now accepting proposals from developers for energy storage and generation projects in Queensland's North West Minerals Province. The fund targets cost reduction through battery storage and other firming technologies to reduce delivered electricity costs in a region currently reliant on diesel and gas-fired generation on isolated networks. QIC's approach emphasizes infrastructure sharing across mining operations and requires projects to demonstrate improved cost of delivered power while remaining viable independently of the CopperString Western Link transmission connection.Mirage NewsFresh Start For Central Queensland Mine After 44 YearsThe Crisafulli Government is investing $15 million to revive the historic Mount Chalmers mine near Rockhampton, Queensland, which has been dormant for over 44 years. The investment through Queensland Investment Corporation's Critical Minerals Fund will unlock more than 19 million tonnes of mineral resources containing copper, gold, zinc, and silver, with hundreds of jobs expected to be created. QMines will operate the mine, with copper highlighted as essential to the global energy transition and the project positioning Queensland as a reliable supplier of critical minerals.ABCMt Rawdon pumped hydro project shelved by Qld governmentThe Queensland government has decided not to progress the Mt Rawdon pumped hydro project after a six-month review by the Queensland Investment Corporation, disappointing mine operator Evolution Mining. The government will instead prioritize the Borumba Pumped Hydro Energy Storage project, which received $324.3 million in this year's budget toward an expected $18.4 billion, 2,000-megawatt facility to power 2 million homes. Evolution Mining is now assessing private capital opportunities or the future of the Mt Rawdon gold mine, with low-grade stockpile processing due to end in September.Energy-Storage.NewsAustralia’s Queensland opens AU$200 million fund for battery storage and generation projectsQueensland Investment Corporation (QIC) has opened a formal call for proposals under the state government's AU$200 million North West Energy Fund to support energy generation and storage projects in the North West Minerals Province. The fund targets projects at Mount Isa, Cloncurry, Julia Creek, and Richmond that must deliver benefits by 2030 and demonstrate improved cost of delivered power, responding to cost escalations on the CopperString transmission project that rose from AU$1.8 billion to AU$13.6 billion. The region currently relies on islanded diesel and gas generation and potentially holds AU$700 billion in critical minerals, with the fund serving as the primary near-term mechanism for improving energy reliability before grid interconnection.PV TechAustralia’s Queensland launches AU$200 million fund for solar PV and storage projects in mineral-rich northwestQueensland Investment Corporation opened a call for proposals for the state's AU$200 million North West Energy Fund, targeting generation and storage projects in the North West Minerals Province. The fund invites energy developers, generators, distributors, industrial customers, and local governments to bid.