Overview
QIC Investments No. 1 Pty Ltd (“QICI”) is an investment advisory firm founded in 2006. Its principal place of
business is in Brisbane, Australia. QICI is a wholly-owned subsidiary of QIC Limited (“QIC”), a government-
owned corporation of the State of Queensland in Australia. QIC commenced operations in 1989 and was
formally established in 1991 under the Queensland Investment Corporation Act 1991. QICI is registered
under the Australian Corporations Act 2001 as a proprietary company limited by shares. It is licensed as an
Australian Financial Services Licensee (AFS Licence No: 534882) This authorizes QICI to, among other things,
provide financial product advice and deal in financial products.
QIC and various investment advisory subsidiaries affiliated with QIC (collectively, the “QIC Group”) operate
as a fully commercial investment advisory organization, charging fees for investment advisory services and
paying a dividend to the Queensland government. QIC is headquartered in Brisbane, Australia, and is
registered under the Australian Corporations Act 2001 as a public company with the Australian Securities &
Investment Commission. The QIC Group is one of the largest investment managers in Australia with
approximately US $68 billion in assets under management as of June 30, 2023 and over 930 employees
located in offices across the globe, including Brisbane, Sydney, Melbourne, New York, San Francisco, London
and Copenhagen.
QIC is a leading provider of investment advisory services for institutional investors. The QIC Group provides
discretionary and non-discretionary investment advisory services to a wide range of institutional clients,
including Australian superannuation funds and other pension and profit sharing plans, sovereign wealth
funds, charitable organizations and various collective investment vehicles offered primarily to institutional
investors.
QICI currently offers the following
investment strategies:
• real estate investments;
• private debt investments;
• infrastructure investments; and
• private capital investments
Each of these investment strategies is described in greater detail below under “Methods of Analysis,
Investment Strategies and Risk of Loss”.
QICI tailors its investment advisory services to the specific investment objectives and restrictions of each
client account as set forth in the investment management agreement, limited partnership agreement, private
placement memorandum, or other relevant governing document. With respect to collective investment
vehicle clients managed by QICI, investors generally will not have the ability to individually impose restrictions
on the management of such vehicles. Furthermore, such vehicles are not tailored to address the specific
investment objectives of any specific investor.
As of June 30, 2023, the QICI’s Regulatory Assets Under Management were approximately US$5.2 billion
managed on a discretionary basis, and US$3 billion managed on a non-discretionary basis.
QIC has established a Sustainable Investment Policy through which it seeks to integrate environmental, social
and governance (ESG) considerations into its investment process subject to its fiduciary obligations and
applicable laws and regulation. Depending on the asset class and investment strategy, and in accordance
with a client’s investment guidelines, QIC investment teams will weigh relevant ESG factors in their
assessment of a specific asset or investment opportunity. Due to the inherent differences across investment
strategies, ESG issues will vary in materiality across asset classes, sectors and industries. QIC’s approach to
incorporating ESG is tailored specifically to each strategy and requires different processes to consider ESG
factors when assessing the risk and return of a particular investment.
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