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Year Founded: 1991

AUM: $61.47B | Dry Powder: $310.28M
66 Eagle Street, Brisbane, Queensland 4001, Australia
QIC is a provider of dynamic investment solutions for sovereign wealth funds, superannuation funds and other institutional investors. The firm targets fixed interest, real estate, infrastructure, private equity, capital markets, and Australian small companies

Key Contacts

  • Damien Frawley
    Chief Executive Officer
  • Claire Blake
    Chief Financial Officer
  • rystal Russell
    CPrincipal, Global Private Capital

Investment Preferences

  • Preferred Industries
    Commercial Services, Commercial Transportation, Exploration, Healthcare Services, Other Business Products and Services, Exploration, Production and Refining
  • Geographical Preference


  • Preferred Deal Types


  • Other Investment Preferences
    • Seeks ESG investments
    • Seeks Impact investments

Investments By Year

Source: Pitchbook

Funds Closed

QGIF Sprint Fund
Vintage: 2020

Size: $35.00M

Dry Powder: $24.81M

Details: The fund targets B2B, commercial transportation and infrastructure sectors

QIC Global Infrastructure Fund
Vintage: 2017

Size: $1.8B

Dry Powder: $0.00

Details: The fund’s infrastructure asset preferences are renewable energy, transportation, waste & waste management

QIC Private Equity Fund No. 6
Vintage: 2017

Size: $250.8M

Dry Powder: $45.87M

Details: The fund invests in commercial transportation, healthcare services, and other business products & services industries

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In April 2022, Cypress Creek Renewables (CCR) secured $450 million debt facility from QIC to fund the growth of CCR’s robust solar and storage project pipeline. CCR’s projects will help meet the increasing demand for renewable resources in the US. CCR owns and operates its own 1.7GW fleet of solar assets and has a 12GW active development pipeline

In March 2022, IFM Investors and QIC jointly led a new renewable energy program which aims to help reduce electricity costs and greenhouse gas emissions at key Australian airports, ports, energy utilities, roads and hospitals. Renewable Energy Hub, utilising their CORE Market software platform, designed and executed the scheme of large-scale power-purchase agreements, which will be delivered in three stages; and estimated the project will facilitate the supply of more than 400GWh of renewable energy per annum by 2025

In August 2021, QIC increased its investment in decarbonisation and energy transition through Powering Australian Renewables (PowAR), which has completed the acquisition of the Australian business of Tilt Renewables, further strengthening PowAR’s position as Australia’s largest renewable energy generation platform. PowAR business will own more than 1,300MW of operational renewable energy capacity across nine geographically diverse wind and solar generation assets after acquiring Tilt

In July 2021, QIC and Ullico acquired CenTrio. The company delivers reliable, cost-effective, and sustainable energy to customers across the US, providing critical heating, cooling, and electricity solutions to more than 400 buildings in urban centers, universities, and hospitals

In March 2021, Powering Australian Renewables on behalf of the QIC Global Infrastructure Fund and its co-investors, the Future Fund and AGL Energy Limited, together with consortium partner Mercury NZ, entered into an agreement to acquire a 100% interest in Tilt Renewables.

In February 2021, QIC, along with consortium partner Ullico, acquired 100% interest in the US business of Enwave Energy, North America’s single-district energy platform. Enwave Energy US serves more than 340 clients and operates in eight cities across eight states, providing energy solutions to more than 400 buildings across sectors including universities, school districts and hospitals such as Syracuse University and Louisiana State University

In May 2020, a new partnership between Yurika, and Queensland Investment Corporation was announced to deliver 15MW of renewables across five major shopping centre sites. This partnership was formed to deliver a whole-of-system renewable energy solution, incorporating solar PV technology, battery storage and 24/7 system monitoring to optimise the value of onsite renewable energy

In February 2020, QIC invested in San Francisco based Generate Capital, the clean energy infrastructure investor. Generate Capital has raised more than $1 billion to fund the continued expansion of its sustainable infrastructure and renewable energy fleet for its growing network of partners and customers

Other Details

QIC is a provider of dynamic investment solutions. It targets fixed interest, real estate, infrastructure, private equity, capital markets, and Australian small companies. The firm has over 1,000 employees and serves more than 115 clients. QIC is a significant global player with $19.8 billion under management across 23 infrastructure assets globally. Headquartered in Brisbane, Australia, QIC also has offices in Sydney, Melbourne, New York, Los Angeles, San Francisco, London and Copenhagen

One of the firm’s latest open fund is QIC Global Infrastructure Fund (Australia) No. 2 Trust. It is an infrastructure fund managed by QIC. The fund is located in Brisbane, Australia and will invest across the country

5AM Ventures, Abris Capital Partners, AGL Energy, AP Fonden 2, APG Group, Australia Future Fund, Australian Government, Bain Capital, Blackstone, Carthona Capital, Columbia Capital, First Sentier Investors, GBS Venture Partners are some of the institutional investors who invest along with QIC

Source: Realassets.ipe, Company Website,, Renewables Now, Businesstimes, SparkSpread