QIC continues to produce significant investment value for the Queensland Government against the backdrop of ongoing market volatility.
QIC CEO Kylie Rampa said delivering $4.1 billion to the State in 2022-23 was a strong result in uncertain times.
“Even through this very challenging market with sustained high inflation, we remain focused on creating resilient assets and portfolios,” Ms Rampa said.
“That focus has produced outstanding results for both our third-party and Government clients, including an additional $224.2 million to the Queensland Government as a shareholder.
“This means more funds for the State to invest in infrastructure, service delivery and programs for the betterment of Queenslanders.”
Despite market headwinds, QIC’s assets under management (AUM) grew from $98.7 billion to $102.8 billion in 2022-23.
Across QIC’s investment capabilities, approximately 80 per cent of representative funds met or exceeded their investment performance objectives on a funds-weighted basis during the reporting period.
“We continue to think critically about how we position ourselves around megatrends and investment thematics,” Ms Rampa said.
“Queensland has international comparative advantage in many of the key investment themes of our generation.
“The growth in our capability is occurring just at the right time to take advantage of these opportunities that are arising locally and globally.”
Queensland highlights
- Delivered $4.1 billion in investment value to government clients
- Deployed $140 million in capital to 74 Queensland businesses, creating more than 1,100 jobs via business investment funds
- $12.8 billion invested in 5 Queensland infrastructure assets
- $4.75 billion invested in 17 Queensland retail, office and industrial assets
- QIC, on behalf of its clients, owns or is the largest shareholder in Queensland assets, with $102.8 billion in assets under management
- Commitment to deliver up to 1,200 social and affordable homes in Queensland via our partnership with Brisbane Housing Corporation, Australian Retirement Trust and the Queensland Government
QIC now provides alternative real asset solutions across infrastructure, real estate, private debt, private equity and natural capital, in addition to a liquid market capability for more than 125 Australian and international clients.
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QIC is a trusted investment manager and adviser providing risk adjusted returns for the clients we serve. As one of the nation’s leading institutional investment managers, we deliver alternative real asset solutions across infrastructure, real estate, private debt, private capital, natural capital in addition to a liquid market offering for our 125 Australian and global clients. We also act as the Queensland Government’s independent investment advisor, managing a fully-funded Defined Benefit scheme and the Queensland Future Fund both of which delivers on the State’s long-term investment objectives. We have A$103.5bn in assets under management (as at 31 July 2023) and are headquartered in Brisbane, Australia, with offices in Sydney, Melbourne, New York, San Francisco and London.
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