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QIC adds Australian multi-sector private credit offering to its suite

QIC adds Australian multi-sector private credit offering to its suite

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QIC has added an Australian multi-sector private credit offering to its suite.

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.

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“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."