QIC expands private debt business

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

Lucci has a background in leveraged finance, corporate and institutional banking, private credit, mergers and acquisition transaction services, corporate advisory, and restructuring.

He joins from Westpac Institutional Bank, where he worked in leveraged and acquisition finance for more than two and a half years.

QIC's multi-sector private debt capability -  which was launched in February  - is led by Phil Miall.

The team created a diversified portfolio of corporate leveraged loans, asset-backed securities and real estate debt in the Australian market.

Before Westpac,  he was an investment associate at Remagen Capital.

Miall, who has been with QIC for 12 years, served as director of credit before heading up the multi-sector private debt business.