The Queensland Investment Corporation (QIC) is an Australian institutional investment manager and sovereign investor.
QIC invests across infrastructure, real estate, private equity, private debt, fixed income and multi-asset overlay solutions. It manages funds on behalf of clients in Australia, North America, the United Kingdom, Europe, Asia, and the Middle East, including pension and superannuation funds, sovereign wealth funds, insurers, universities and other government institutions.
Although wholly owned by the Queensland Government, QIC operates commercially and invests alongside global institutional partners. As of June 2025, it manages more than A$130 billion in assets under management (AUM).
QICâÂÂs investment activities are organised into three complementary areas: Private Markets, Liquid Markets, and State Investments. Each specialises in a distinct set of asset classes and investment mandates, managed for government and institutional clients in Australia and globally.
Private Markets
QICâÂÂs Private Markets capabilities centre on alternative and unlisted assets, including infrastructure, real estate, private equity, private debt (see also private credit) and agriculture. Its infrastructure portfolio spans energy and utilities, transport, and social infrastructure sectors in Australia, the US and Europe, while its real estate platform manages retail, office and industrial property assets across Australia. QIC also invests in private equity and debt, providing clients with exposure to global private capital markets.
Liquid Markets
The Liquid Markets Group manages fixed income and multi-asset overlay strategies, including cash and fixed income portfolios and advanced derivative-based implementation such as currency overlays, asset rebalancing and options-based protection strategies.
State Investments
The State Investments division manages capital on behalf of the Queensland Government and other government clients. As of 2025 the division reports over A$70 billion in assets under management across approximately 40 clients, reflecting QICâÂÂs foundational role as the investment manager for the Queensland Government.
QIC is constituted under the Queensland Investment Corporation Act 1991 and operates as a company Government-Owned Corporation (GOC). Its Board of Directors, accountable to shareholding Ministers, including the Queensland Treasurer, oversees strategy, risk management and investment performance.
QIC was established on 1 July 1991 by the Queensland Government under the Queensland Investment Corporation Act 1991 to manage the StateâÂÂs long-term investments. Its early activities focused on liquid markets (fixed income, currency, cash) and real estate.
QIC has
QIC has offices in Brisbane (headquarters), Sydney, Melbourne, London, New York, San Francisco, Singapore and Copenhagen.