
The Queensland Investment Corporation (QIC) is a significant player in the investment world, with a history dating back to 1990. QIC manages a portfolio of over $100 billion in assets.
One of the key aspects of QIC's investment strategy is its focus on long-term growth. This approach allows the corporation to take calculated risks and invest in opportunities that may not yield immediate returns but have the potential for long-term success.
QIC's investment activity is diverse, with a presence in various sectors such as real estate, infrastructure, and private equity. The corporation's expertise in these areas has enabled it to deliver strong returns to its clients.
The corporation's commitment to responsible investment practices is also noteworthy.
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About Us
We're a sovereign investor and international institutional manager, driven by a mission to deliver resilient investment outcomes for our clients and create shared value.
Headquartered in Brisbane, Australia, we have a significant presence with more than $100 billion in assets under management and offices in multiple locations worldwide.
Our team of over 900 professionals brings a unique combination of skills, experiences, and perspectives to the table, working together to achieve our purpose.
We have a stable ownership structure, backed by the Queensland Government, which enables our long-term investment approach.
Today, we partner with approximately 125 clients across various regions, including Australia, the US, UK, Europe, Asia, and the Middle East.
We manage a diverse range of investments, including infrastructure, real estate, private equity, private debt, natural capital, and fixed income and liquid market solutions.
Our people are the heart of our organization, and we're proud to have an experienced international team working together to create shared value and responsibly invest for the prosperity of clients, people, and communities.
Latest News
The Queensland Investment Corporation (QIC) has been making headlines lately, and here are the latest updates.
QIC has a strong track record of investing in sustainable infrastructure, with a focus on renewable energy and green buildings.
The corporation has invested in several high-profile projects, including the development of a new solar farm in Western Australia.
QIC has also been recognized for its commitment to diversity and inclusion, with a focus on promoting women in leadership roles.
The corporation has a long history of investing in the Queensland community, with a focus on supporting local businesses and initiatives.
QIC has a strong reputation for delivering long-term returns to its investors, with a focus on creating value over the long haul.
Investment Activity
Queensland Investment Corporation has been actively investing in various companies, with a notable presence in the market.
The corporation made a significant investment of $450M in Renewa on August 10, 2023. This investment was marked as "new" indicating that it was a new investment for the corporation.
On the same day, the corporation also invested in ModnPods, another company, with a total investment of $65.46M. This investment was also marked as "new".
The investments were made in various rounds, including Unattributed, Private Equity, Unattributed VC - IV, and Seed VC - II. Some of the notable co-investors include AV8 Ventures, Geekdom, and Riverwood Capital.
Here are the notable investments made by Queensland Investment Corporation:
Activity
In the investment world, it's essential to keep track of a company's activity. Queensland Investment Corporation has been quite active, with several notable investments in recent months.
They invested $450M in Renewa on August 10, 2023, making it a new investment for the corporation.
Queensland Investment Corporation also invested $65.46M in ModnPods on August 8, 2023, another new investment for the corporation.
One Model received a $41M investment from Queensland Investment Corporation and other investors, including AV8 Ventures, Geekdom, and Riverwood Capital, on August 7, 2023.
Here are the details of these investments:
Portfolio Exits
Portfolio Exits are a key part of any investment strategy, and Queensland Investment Corporation has a notable track record in this area.
The corporation has had at least 3 notable portfolio exits, with their latest being Icon Groupon in November 2021. This exit was valued at $XXM and was acquired by EQT.
Queensland Investment Corporation has also had a significant portfolio exit in 2016, although the company involved is not publicly disclosed due to subscription requirements.
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The corporation's portfolio exits have been valued at a total of $XXM, with the exact breakdown by company not publicly available.
Here are some key details about Queensland Investment Corporation's portfolio exits:
It's worth noting that the exact details of some of these portfolio exits are not publicly available due to subscription requirements.
Investment Acquisitions
Queensland Investment Corporation has made several notable acquisitions, including Evolution Healthcare in 2021. This was their latest acquisition, as of December 09, 2021.
They have also acquired other companies, but the details are not publicly available due to subscription requirements.
In total, Queensland Investment Corporation has acquired at least 5 companies, according to publicly available information.
Acquisitions
Queensland Investment Corporation has a history of making significant investments. Their acquisitions include Evolution Healthcare, acquired on December 09, 2021.
The company's latest acquisition was Evolution Healthcare, which was valued at $XXM. This is a notable investment in the healthcare sector.
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Queensland Investment Corporation acquired a total of 5 companies. Their acquisitions span several years, with the earliest recorded acquisition being in 2012.
Here's a brief overview of their acquisitions:
Supports Virescent's Climate Tech Fund
Queensland Investment Corporation (QIC) has backed Virescent Ventures' second climate technology fund, joining cornerstone investors Westpac and the Clean Energy Finance Corporation (CEFC).
QIC's investment brings the first close of Virescent's new fund to approximately $125 million. Fund II is seeking to deploy $200 million into innovative climate tech companies.
Partnering with Virescent represents an opportunity for QIC to work with an Australian-based climate manager to meaningfully advance the global transition to net zero. Lottie Bryon, Investment Director at QIC, said this partnership will deliver attractive investment opportunities.
Virescent Ventures has already seen success with its first portfolio, managed on behalf of the CEFC, which has seen more than $270 million deployed across 37 world-leading Australian climate tech investments to date.
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Partnerships and Customers
Queensland Investment Corporation has a strong network of partnerships and customers. They have 9 strategic partners and customers.
One of their notable partnerships is with Cedar Woods, a Perth-based developer. They teamed up in May 2023 to develop 400 apartments at Robina.
Queensland Investment Corporation's managing director, Michael O'Brien, sees this partnership as a way to unlock significant value on the site. He believes Cedar Woods' expertise in medium-density residential development will be a key factor in their success.
Here are some of Queensland Investment Corporation's key partnerships and customers:
Fund History
Queensland Investment Corporation has a rich history of partnerships and collaborations.
The corporation's partnership with Cedar Woods, a Perth-based developer, dates back to May 31, 2023, when they teamed up to develop 400 apartments at Robina.
This partnership was a significant move for QIC, as it allowed the investment group to "unlock significant value" on the site by bringing on board a development partner with a strong track record in medium-density residential development.
Here are some key dates in QIC's partnership history:
QIC's partnerships have taken it to various countries, including Australia and Canada.
Frequently Asked Questions
Who owns the Queensland Investment Corporation?
QIC Limited is a company that was previously a statutory Government owned corporation, and it is no longer directly owned by the government. It is now a long-term manager of alternative investments.
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