QIC announced on Wednesday the addition of a multi-sector private credit offering to its suite, which also includes global infrastructure debt.
Phil Miall has been appointed to the new role of QIC head of multi-sector private debt, reporting directly to QIC head of private debt, Andrew Jones.
In announcing the new offering, Mr Jones confirmed QIC State Investments, which manages the long-term financial interests for the state of Queensland, had indicated its intention for the new multi-sector private debt team to manage both its current exposures and future commitments to this strategy going forward.
“We are privileged to win this mandate and look forward to delivering value for Queensland government clients while also building a broad and differentiated offering to add value for other institutional investors,” Mr Jones said.
In addition, he noted, QIC intends to drive ESG integration beyond a primary focus on ESG screening and risks.
“We will seek to be an advisor, sounding board and agent for positive change across our investors’ portfolios."