Marcus founded and manages QIC’s private equity program of $5.0bn AUM globally in funds, co‐investments, directs and direct secondary fund interests. He is at the forefront of a new private equity investment model reflected in a 2015 paper co-authored by Josh Lerner and Hugh MacArthur: The Next Generation Private Equity Investor. QIC’s Icon Group investment fits into a focussed strategy of investing in growing businesses in attractive sectors in Australia and linking them to other markets, especially across China.
Prior to founding QIC’s program in 2005, Marcus was Chief Executive, North America, Altius Associates Ltd, with US$27 billion (as of Q2 2015) under management or advice. He established Altius’ US operation in 2000 and participated in the global management, investment strategy and execution, and client acquisition. From 1996 to 2000 Marcus worked for the Virginia Retirement System (“VRS”), a US public pension plan with assets of US$62billion. Marcus founded its non‐US portfolio and then became Head of Private Equity.
From 1990 to 1995 he worked in the London office of the Bankers Trust Company where he structured a number of buy‐out financings and worked on corporate restructurings. Marcus is Chairman Emeritus of the Institutional Investors Roundtable, an international community of large, long‐term institutional investors seeking to collaborate on private market investment.