QIC has grown its multi-sector private debt team this week with the appointment of a new Director.
David Spiez, currently QIC’s General Manager of Strategy and Operations for Private Debt, will move across to the newly created role from February 2023.
QIC’s Head of Multi-Sector Private Debt Phil Miall said David’s real estate investing pedigree is an excellent fit for the Multi-Sector Private Debt strategy.
“Our team will undoubtedly benefit from David’s experience both within and outside of QIC,” Mr Miall said
“David joined QIC in July 2021 and has helped shape the direction and strategy of the Private Debt team including his role in defining and launching the Multi-Sector and Infrastructure Debt capabilities.
“He has over 22 years of broad sector experience, which includes commercial real estate financing and advisory, global capital markets, equity research and fund management. David also has valuable prior experience deal origination and transaction structuring & execution through his prior role as Managing Director – Commercial Real Estate for Europe, Middle East & Africa at Standard Chartered Bank.
“His appointment will allow us to capitalise on the range of attractive investment opportunities available in the Australian and New Zealand private debt space.”
Spiez’s appointment comes off the back of the recently announced three-year A$500 million plus mandate awarded to the Multi-Sector Private Debt by QIC’s State Investments, which manages the long-term financial interests for the state of Queensland.
The mandate will allow the team to originate loan investments in Australian and New Zealand markets and which will typically range in size between A$20m and A$50m, increasing to as much as $75m.
QIC added its multi-sector private debt offering to its private debt suite earlier this year, which also includes global infrastructure debt.
