QIC

What QIC does

QIC (Queensland Investment Corporation) is one of Australia's largest institutional investment managers, established in 1991 by the Queensland Government as a government-owned corporation constituted under the Queensland Investment Corporation Act 1991. The firm manages A$131 billion in assets on behalf of approximately 120 institutional and government clients globally, with a workforce of roughly 900 staff distributed across Brisbane (headquarters), Sydney, Melbourne, New York, London, and Singapore. Its investment platform is organized around five core capabilities: Infrastructure (A$42 billion across 21 direct investments), Real Estate (~40 assets across Australia's east coast including shopping centres, offices, and industrial assets), the Liquid Markets Group (over A$25.3 billion in cash and fixed income), Private Equity (including the Queensland Venture Capital Development Fund, QIC Ventures, Queensland Critical Minerals Fund), and Private Debt. QIC also operates Brand iQ (a retail/media sub-brand across its shopping centre portfolio), the Sowing the Seeds of Farming Innovation Fund, and the Antares reinsurance subsidiary.

QIC generates revenue through three streams: recurring funds management fees on assets under management across its infrastructure, real estate, private equity, private debt, and liquid markets mandates; performance fees tied to successful fund outcomes; and advisory services for government and institutional clients. Pricing is not publicly disclosed because QIC operates exclusively in the wholesale institutional market, with all products and services unavailable to retail clients. Distribution is conducted through direct enterprise field sales via dedicated regional institutional distribution heads in Australia, North America, UK/Europe, and Asia, supplemented by thought leadership content (Global Economic Outlook, research papers) and direct client engagement through the Client Solutions and Capital team.

The firm is owned by the Queensland Government, which serves simultaneously as its foundational client, and operates through a network of wholly-owned subsidiaries that hold AFS licences (ASIC) and are separately authorised by the UK FCA (No. 572243), the U.S. SEC (80174058, 80174064), and the Korean Financial Services Commission. QIC's recent strategic posture is heavily weighted toward energy transition and climate infrastructure, evidenced by the Queensland Energy Investor Gateway mandate, the CEFC-backed Global Infrastructure Fund II, the 400MWac solar-plus-storage joint development with EDP Renewables Australia, the 19.9% acquisition in Tilt Renewables with Future Fund, and ongoing U.S. district energy exposure through CenTrio.

Name

QIC

Legal name

QIC Limited ACN 130 539 123

Website

https://qic.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

QIC is a Queensland Government-owned institutional investment manager founded in 1991, managing A$131 billion across infrastructure, real estate, liquid markets, private equity, and private debt for approximately 120 institutional and government clients globally through offices in Australia, the US, UK, and Asia.

Ownership category

akta.pro rank

Product category

Institutional Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

akta.pro secondary industries

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Institutional asset management
• Infrastructure investment management
• Real estate investment management
• Private equity and debt investing
• Fixed income portfolio management

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Funds Management Fees: Management fees charged on assets under management across infrastructure, real estate, private equity, private debt, and liquid markets mandates.
2. Performance Fees: Performance-based fees from successfully managed funds and investment mandates.
3. Advisory Services: Investment advisory and management services for government and institutional clients.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

QIC is a sovereign-backed institutional investment manager that manages A$131 billion on behalf of approximately 120 institutional and government clients across five core capabilities: Infrastructure, Real Estate, Liquid Markets Group (fixed income and multi-asset overlays), Private Equity, and Private Debt. The firm invests directly in assets (including energy transition, transportation, utilities, retail and office property, agriculture, and venture capital) and partners with government and institutional clients to deliver long-term, risk-adjusted returns. Products and services are offered exclusively on a wholesale basis and are not available to retail clients.

Product overview

QIC (Queensland Investment Corporation) is one of Australia's largest institutional investment managers, backed by sovereign ownership with a 35-year track record. The company operates as a platform-plus-capabilities structure offering five core investment products: Infrastructure (managing A$42 billion across 21 direct investments), Real Estate (managing ~40 assets across Australia's east coast), Liquid Markets Group (managing A$25.3 billion in fixed income), Private Equity (including venture capital funds and co-investments), and Private Debt. Additionally, QIC operates Brand iQ, a retail and media solutions sub-brand, and the Sowing the Seeds of Farming Innovation Fund for agricultural innovation. The platform is complemented by thought leadership content series including the 'From All Angles' video series and 'QIC Market Watch' economic analysis videos.

Differentiator

Problem solved

Functional benefit

Brands

• Brand iQ: Retail and media solutions connecting businesses with shoppers across Australia through pop-up retail packages and advertising solutions.
• Sowing the Seeds of Farming Innovation Fund (SSFIF)
• Liquid Markets Group

Products and services

• Infrastructure Investment Manages a A$42 billion portfolio comprising 21 direct investments across Australasia and globally, covering energy transition assets, transportation, utilities, and social infrastructure. For institutional and government clients.
• Real Estate Investment Manages approximately 40 real estate assets across the east coast of Australia, including shopping centres, prime office buildings, and industrial assets. Core Plus and Value Add investment strategies for institutional clients.
• Liquid Markets Group One of Australia's most experienced managers in fixed income and multi-asset overlays, managing over A$25.3 billion in cash and fixed income assets. For institutional clients.
• Private Equity Includes Queensland Venture Capital Development Fund, QIC Ventures, Queensland Critical Minerals Fund, and co-investment programs supporting early to growth-stage companies across Australia. For institutional clients.
• Private Debt Private debt investment capabilities providing financing solutions to institutional clients.
• Brand iQ Retail and media solutions platform providing pop-up retail spaces, in-centre media advertising, digital campaigns, and brand activation services across QIC's shopping centre portfolio.
• Sowing the Seeds of Farming Innovation Fund (SSFIF) A$30 million Queensland Government initiative designed to accelerate innovation, adoption and productivity across Queensland's primary industries through direct investment in early to growth-stage companies.
• Antares Reinsurance Wholly-owned reinsurance subsidiary of QIC Global covering energy, marine, property, and engineering sub-classes. Operates through Antares Managing Agency Limited.

Quantifiable outcome

• A$131 billion total assets under management
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Tokyo GascoreStrategic or Co-development Partner · 24 February 2026Strategic partnership with Tokyo Gas as an enabler of future growth alongside QIC, supporting Cedar Woods Properties' development initiatives.
• EDP Renewables AustraliacoreStrategic or Co-development Partner · 13 November 2025QIC and EDP Renewables Australia signed exclusivity agreement to develop 400MWac solar-plus-storage project in Toowoomba, Queensland, supporting energy transition infrastructure.
• Queensland Government Owned Corporations (GOCs)coreStrategic or Co-development PartnerQIC leads Investor Gateway to connect investors with priority energy projects in partnership with Government Owned Corporations under Queensland's Energy Roadmap. Mandate includes attracting private capital, matching investor interest with GOC needs, and developing innovative finance approaches.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• AustralianSuper: Australia's largest superannuation fund with significant in-house and external investment management capabilities across infrastructure, real estate and private markets. Direct peer given comparable institutional client base and asset class mix.
• Australian Retirement Trust: Merger of Sunsuper and QSuper, one of Australia's largest profit-to-member super funds with material infrastructure, real estate and private equity allocations. Directly comparable in scale, client type and asset class focus to QIC.
• Aware Super: Major Australian superannuation fund with growing direct investment capability in infrastructure, private equity and property. Comparable client base of large institutional members and similar multi-asset strategy.
• UniSuper: Industry super fund for the higher education sector, managing diversified portfolios across private and liquid markets. Comparable in wholesale institutional positioning and asset class breadth.
• Cbus: Industry super fund for construction workers with significant direct property and infrastructure investments. Comparable mix of Australian institutional capital and direct-asset strategies.
• Hostplus: Hospitality industry super fund with material direct infrastructure and venture investments. Comparable in co-investing alongside QIC in Gilmour Space, Emesent and other Australian innovation deals.
• IFM Investors: Industry super fund-owned global investment manager with deep infrastructure and private markets capability. Direct peer on infrastructure investing with comparable scale and Australian institutional ownership heritage.
• Future Fund: Australia's sovereign wealth fund managing A$200B+ across private and liquid markets. Direct peer in sovereign-style mandate, multi-asset mandate and Australian institutional scale; co-investor with QIC in Tilt Renewables and Gilmour Space.

Broad incumbents

• Macquarie Asset Management: Australia-headquartered global asset manager (part of Macquarie Group) with infrastructure, real estate and private markets franchises. Broader incumbent given diversified platform well beyond QIC's institutional-only focus.
• Perpetual Limited: ASX-listed Australian wealth and asset manager with comparable institutional client base and Australian equities/fixed income focus. Broader incumbent given listed retail and corporate trust businesses that QIC does not operate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/qic

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments16 records

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

Frequently asked questions about QIC