Queensland Investment Corporation (QIC) is an Australian government-owned investment manager established in 1991 to manage capital for the Queensland Government. It invests across infrastructure, real estate, private equity, private debt, and liquid markets for institutional clients including sovereign wealth funds and superannuation funds, with over A$130 billion in assets under management.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 3 prior). Average disclosed round size is $129.6M (across 19 rounds with reported amounts).
Portfolio
20
Fund Size
—
Top Stage
Unknown
Last 12 Mo
1
Team
NP
Nicola Palmer
Partner
IB
Isabel Byrne, CFA
Investment Specialist
SF
Steven Fletcher
Senior Manager Capital Transactions
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
24 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Kalfresh | Unknown | $80M | Feb 2026 |
 Impilo | Unknown | — | Jun 2025 |
 Tilt Renewables | Unknown | $750M | Jan 2025 |
 Renewa | Series D | $450M | Jan 2025 |
| Impilo | Series A | $11.5M | Nov 2024 |
 Earthodic | Seed | $4M | Oct 2024 |
| EEnfinity Global Inc. | Unknown | — | Aug 2024 |
| GGilmour Space Technologies | Series D | $55M | Feb 2024 |
| Earthodic | Pre-Seed | $1.9M | May 2023 |
 Endua | Seed | — | May 2023 |
| Renewa | Series D | $450M | Jan 2023 |
 PayNearMe | Series D | $45M | Jan 2023 |
 PayNearMe | Series D | $45M | Jan 2023 |
 VALD | Unknown | $25M | Nov 2022 |
 Alation | Series E | $123M | Nov 2022 |
 Jacobi | Series A | $10M | Sep 2022 |
 Alation | Series E | $123M | Jan 2022 |
| AAlation Inc | Series E | $123M | Jan 2022 |
 Nexus Hospitals | Growth | — | Jun 2016 |
| PayNearMe | Series D | $45M | Jan 2013 |
 Cloud Sherpas | Seed | $40M | Dec 2012 |
 Hypersonix | Series B | $35M | — |
 Hypersonix Launch Systems | Series A | $46M | — |
 Pacific Energy | Unknown | — | — |
Top Co-Investors
Costanoa Ventures6 shared
Union Grove Venture Partners3 shared
Thoma Bravo3 shared
Sanabil Investments3 shared
Hewlett Packard Enterprise3 shared
Salesforce Ventures3 shared
Icon Ventures3 shared
Databricks Ventures3 shared
Riverwood Capital3 shared
Dell Technologies Capital3 shared
Sapphire Ventures3 shared
August Capital3 shared
H. Barton Asset Management3 shared
True Ventures3 shared
Khosla Ventures3 shared
DNS Capital3 shared
Main Sequence2 shared
Plug and Play Tech Center2 shared
UniQuest2 shared
Investible2 shared
Last updated: 20 October 2026