Phil Miall News Today

A panel discussion at the AIST Superannuation Investment Conference (ASI) delved into the performance of private credit markets and highlighted nascent investment opportunities.

In the U.S., investors favor distressed and real estate debt, according to Coalition Greenwich.

QIC has secured loans in PRP Diagnostic Imaging (PRP) and The Entertainment and Education Group (TEEG), saying private debt is "one of the steadier ships for investors to sail on".

Private debt investors can currently find more attractive medium-term returns with improved transaction structures, according to a QIC report.

QIC says David Spiez, currently general manager of strategy and operations for private debt, will take on the newly created position in February 2023.

There is a new director in QICs multi-sector private debt team, while Beverley Morris has officially been appointed head of liquid markets group.

QICs multi-sector private debt team is expanding with the appointment of Carlo Lucci as an associate director.

The multi-sector private debt team that QIC introduced in February has won a $500 million plus mandate to invest in Australia and New Zealand.

QIC plans to originate loan investments in the Australian and New Zealand markets, which can range between A$20 million and A$50 million.

The Queensland Investment Corporation has named Bettina Lung as its director of multi-sector private debt.